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
Trading news
Back
13 Dec 2024

OPEC lowers demand forecast again – Commerzbank

OPEC has revised its forecast for oil demand downwards for the fifth month in a row, Commerzbank’s commodity analyst Carsten Fritsch notes.

OPEC expects oil market to remain undersupplied

“OPEC now expects an increase of 1.6 million barrels per day this year and 1.5 million barrels per day next year.”

“In July, the corresponding forecasts were still a good 600 thousand and 400 thousand barrels per day higher. The forecast reductions in recent months represent a gradual adjustment to reality. However, the current forecasts are still far too optimistic, meaning that further downward revisions are likely to follow in the coming months.”

“Despite the lowered demand forecast, the oil market would continue to be undersupplied in the coming year, even if OPEC+ were to gradually increase the oil supply from April as planned. OPEC+ does not appear to believe the forecast, otherwise the decision to further postpone the planned production increases would not have been necessary.”

Dec 13, 2024

CAD: Canada mulls tariff response – Scotiabank

The Canadian Dollar (CAD) remains under pressure into the end of the week amid rising trade tensions.
Read more Previous
Dec 13, 2024

EUR gets a leg up from EUR/GBP rebound – Scotiabank

The usual leaks that follow ECB rate decisions emerged yesterday to suggest that policymakers are leaning towards 25bps cuts in January and March at this point.
Read more Next