J.P. Morgan Asset Management - The Weekly Brief

20.05.2019 10:59 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die zunehmenden geopolitischen Befürchtungen im Nahen Osten und Venezuela sowie die Sorge um einen Versorgungsausfall haben bei Rohöl der Sorte Brent in diesem Jahr zu einem Preisanstieg von 34% geführt. Trotz höherer Spotpreise sollten die Anleger die längerfristigen Fundamentaldaten nicht aus den Augen verlieren. Die folgende Grafik zeigt, dass die USA in ihrer Ölversorgung fast vollkommen autark sind. Auf dem Höchststand von 2011 entfielen 60% des gesamten US-Handelsdefizits auf Erdöl. Letztes Jahr stieg die US-Ölproduktion um 17% auf ein Rekordhoch von 10,95 Mio. Barrel pro Tag, sodass die Erdölimporte (netto) nur noch 3% des Handelsdefizits ausmachten. Mit geschätzten 39,2 Mrd. Barrel nachgewiesener Rohölreserven in den USA wird das Land wahrscheinlich völlig autonom werden und sogar zum weltweiten Nettoölexporteur avancieren.

JPMAM_The Weekly Brief_20.05.2019.pdf

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