Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
16 Jan 2025

IEA and OPEC oil market reports are out – ING

Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa Manthey note.

OPEC demand growth estimate for 2025 remains unchanged

“The IEA warned of potential supply disruptions following the latest US sanctions on the Russian energy sector, while the agency also revised higher its demand growth forecasts on the back of colder weather across the northern hemisphere. The IEA estimates that 2024 oil demand grew by 940k b/d, up by 90k b/d from its previous estimate. Meanwhile, 2025 demand is expected to grow by 1.05m b/d.”

“In its monthly report, OPEC decided to leave its demand growth estimate for 2025 unchanged at 1.45m b/d YoY, while in its first forecast for 2026, the group expects demand next year to grow by 1.43m b/d YoY. The group also left its supply growth estimates unchanged for non-OPEC+ members at 1.11m b/d for 2025, while for 2026, supply is expected to grow by a similar amount.”

“OPEC production saw marginal growth in December, increasing by 26k b/d MoM to 26.74m b/d. Meanwhile, total OPEC+ production fell by 14k b/d to 40.65m b/d – driven by lower output from Kazakhstan. OPEC numbers suggest that demand for OPEC+ crude in 2025 is 42.5m b/d and 42.7m b/d in 2026.”

Jan 16, 2025

Ireland Consumer Price Index (MoM) up to 0.9% in December from previous -0.5%

Ireland Consumer Price Index (MoM) up to 0.9% in December from previous -0.5%
Read more Previous
Jan 16, 2025

AUD/USD fails to continue winning streak despite strong Aussie Employment data

The AUD/USD pair declines after failing to extend a three-day winning streak above the key resistance of 0.6245 in Thursday’s European session.
Read more Next