{"id":7364,"date":"2025-11-13T16:37:12","date_gmt":"2025-11-13T08:37:12","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=7364"},"modified":"2025-11-13T17:13:57","modified_gmt":"2025-11-13T09:13:57","slug":"wmax%e5%a8%81%e9%a9%ac%e8%af%81%e5%88%b8%e8%a7%a3%e8%af%bb%ef%bc%9a%e5%85%a8%e7%90%83%e5%8e%9f%e6%b2%b9%e5%b8%82%e5%9c%ba%e4%be%9b%e5%ba%94%e8%bf%87%e5%89%a9%e6%88%90%e4%b8%bb%e7%ba%bf%ef%bc%8c2026","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/7364","title":{"rendered":"Wmax Gi\u1ea3i th\u00edch ch\u1ee9ng kho\u00e1n: T\u00ecnh tr\u1ea1ng d\u01b0 cung tr\u00ean th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4 to\u00e0n c\u1ea7u \u0111\u00e3 tr\u1edf th\u00e0nh xu h\u01b0\u1edbng ch\u00ednh v\u00e0 m\u00f4 h\u00ecnh n\u1edbi l\u1ecfng s\u1ebd ti\u1ebfp t\u1ee5c v\u00e0o n\u0103m 2026"},"content":{"rendered":"

D\u1ef1a tr\u00ean c\u00e1c b\u00e1o c\u00e1o h\u00e0ng th\u00e1ng c\u1ee7a OPEC, d\u1eef li\u1ec7u c\u1ee7a C\u01a1 quan N\u0103ng l\u01b0\u1ee3ng Qu\u1ed1c t\u1ebf (IEA) v\u00e0 theo d\u00f5i ch\u1ec9 s\u1ed1 c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4 to\u00e0n c\u1ea7u, Wmax \u0111\u00e3 th\u1ef1c hi\u1ec7n ph\u00e2n t\u00edch to\u00e0n di\u1ec7n v\u00e0 \u0111\u00e1nh gi\u00e1 r\u1eb1ng th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4 to\u00e0n c\u1ea7u hi\u1ec7n nay \u0111\u00e3 chuy\u1ec3n t\u1eeb thi\u1ebfu h\u1ee5t ngu\u1ed3n cung sang d\u01b0 cung. M\u00f4 h\u00ecnh n\u00e0y s\u1ebd ti\u1ebfp t\u1ee5c v\u00e0o n\u0103m 2026 v\u00e0 hi\u1ec7u su\u1ea5t th\u1ecb tr\u01b0\u1eddng khu v\u1ef1c cho th\u1ea5y nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c bi\u1ec7t.<\/p>\n

<\/a>1. M\u00f4 h\u00ecnh cung v\u01b0\u1ee3t c\u1ea7u hi\u1ec7n t\u1ea1i \u0111\u00e3 \u0111\u01b0\u1ee3c h\u00ecnh th\u00e0nh v\u00e0 \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i \u0111\u1ebfn t\u1eeb s\u1ef1 t\u0103ng tr\u01b0\u1edfng t\u1eeb ph\u00eda cung.<\/strong><\/p>\n

K\u1ef3 v\u1ecdng cung v\u00e0 c\u1ea7u c\u1ee7a OPEC trong qu\u00fd 3 \u0111\u00e3 \u0111\u1ea3o ng\u01b0\u1ee3c. S\u1ea3n l\u01b0\u1ee3ng d\u1ea7u th\u00f4 to\u00e0n c\u1ea7u \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 nhu c\u1ea7u 500.000 th\u00f9ng m\u1ed7i ng\u00e0y, so v\u1edbi m\u1ee9c thi\u1ebfu h\u1ee5t trung b\u00ecnh h\u00e0ng ng\u00e0y l\u00e0 400.000 th\u00f9ng m\u1ed9t th\u00e1ng tr\u01b0\u1edbc. M\u1ee9c t\u0103ng c\u1ed1t l\u00f5i \u0111\u1ebfn t\u1eeb c\u00e1c qu\u1ed1c gia ngo\u00e0i OPEC+, trong \u0111\u00f3 Hoa K\u1ef3 chi\u1ebfm h\u01a1n m\u1ed9t n\u1eeda m\u1ee9c t\u0103ng. Vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c t\u0103ng s\u1ea3n l\u01b0\u1ee3ng c\u1ee7a li\u00ean minh OPEC+ cho th\u1ea5y m\u1eb7c d\u00f9 tr\u01b0\u1edbc \u0111\u00f3 kh\u1ed1i n\u00e0y \u0111\u00e3 t\u0103ng m\u1ee5c ti\u00eau s\u1ea3n xu\u1ea5t th\u00eam kho\u1ea3ng 2,9 tri\u1ec7u th\u00f9ng\/ng\u00e0y k\u1ec3 t\u1eeb th\u00e1ng 4 (chi\u1ebfm 2,7% ngu\u1ed3n cung to\u00e0n c\u1ea7u), nh\u01b0ng g\u1ea7n \u0111\u00e2y kh\u1ed1i n\u00e0y \u0111\u00e3 \u0111\u1ed3ng \u00fd t\u1ea1m d\u1eebng t\u0103ng th\u00eam s\u1ea3n l\u01b0\u1ee3ng trong qu\u00fd 1 n\u0103m 2026, ph\u1ea3n \u00e1nh s\u1ef1 ch\u1ee7 \u0111\u1ed9ng th\u00edch \u1ee9ng v\u1edbi c\u00e2n b\u1eb1ng cung c\u1ea7u th\u1ecb tr\u01b0\u1eddng. T\u00edn hi\u1ec7u ngu\u1ed3n cung d\u1ed3i d\u00e0o t\u1ea1i th\u1ecb tr\u01b0\u1eddng M\u1ef9 l\u00e0 r\u1ea5t \u0111\u00e1ng k\u1ec3. \u0110\u01b0\u1eddng cong t\u01b0\u01a1ng lai c\u1ee7a d\u1ea7u th\u00f4 WTI s\u1ebd hi\u1ec3n th\u1ecb c\u1ea5u tr\u00fac \"ph\u00ed b\u1ea3o hi\u1ec3m t\u01b0\u01a1ng lai\" trong h\u1ea7u h\u1ebft n\u0103m 2026 v\u00e0 xu\u1ea5t kh\u1ea9u d\u1ea7u th\u00f4 trong th\u00e1ng 10 \u0111\u1ea1t m\u1ee9c cao m\u1edbi k\u1ec3 t\u1eeb th\u00e1ng 7 n\u0103m 2024, x\u00e1c nh\u1eadn r\u1eb1ng nhu c\u1ea7u giao ngay c\u00f2n y\u1ebfu.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20251113_141856\"<\/p>\n

<\/a>2. S\u1ef1 ph\u00e2n bi\u1ec7t th\u1ecb tr\u01b0\u1eddng khu v\u1ef1c l\u00e0 r\u00f5 r\u00e0ng, gi\u00e1 c\u1ea3 ch\u1ecbu \u00e1p l\u1ef1c v\u00e0 th\u1ec3 hi\u1ec7n c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u01a1 c\u1ea5u.<\/strong><\/p>\n

Hi\u1ec7u su\u1ea5t c\u1ee7a hai lo\u1ea1i d\u1ea7u th\u00f4 ti\u00eau chu\u1ea9n ch\u00ednh l\u00e0 kh\u00e1c nhau. \u0110\u01b0\u1eddng cong t\u01b0\u01a1ng lai c\u1ee7a d\u1ea7u th\u00f4 Brent \u0111\u00e3 tr\u1edf n\u00ean b\u1eb1ng ph\u1eb3ng sau th\u00e1ng 3 n\u0103m 2026 v\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 (EFS) so v\u1edbi d\u1ea7u th\u00f4 Dubai g\u1ea7n \u0111\u00e2y \u0111\u00e3 gi\u1ea3m xu\u1ed1ng gi\u00e1 tr\u1ecb \u00e2m v\u00e0 \u0111ang \u1edf tr\u1ea1ng th\u00e1i chi\u1ebft kh\u1ea5u; s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 h\u00ecnh d\u1ea1ng \u0111\u01b0\u1eddng cong c\u1ee7a d\u1ea7u th\u00f4 WTI v\u00e0 Brent ph\u1ea3n \u00e1nh s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 m\u1ee9c d\u01b0 th\u1eeba \u1edf c\u00e1c khu v\u1ef1c kh\u00e1c nhau. \u0110\u00e3 c\u00f3 ph\u1ea3n \u1ee9ng tr\u1ef1c ti\u1ebfp \u1edf m\u1ee9c gi\u00e1. Sau khi b\u00e1o c\u00e1o c\u1ee7a OPEC \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, d\u1ea7u th\u00f4 WTI gi\u1ea3m 3% trong ng\u00e0y, d\u1ea7u th\u00f4 Brent gi\u1ea3m h\u01a1n 2,5% v\u00e0 xu\u1ed1ng d\u01b0\u1edbi 64 \u0111\u00f4 la M\u1ef9 m\u1ed9t th\u00f9ng. D\u1ea7u th\u00f4 Brent \u0111\u00e3 gi\u1ea3m 3 th\u00e1ng li\u00ean ti\u1ebfp v\u00e0 ti\u1ebfp t\u1ee5c gi\u1ea3m k\u1ec3 t\u1eeb th\u00e1ng 11. S\u1ef1 \u0111\u1ed3ng thu\u1eadn trong ng\u00e0nh c\u1ed9ng h\u01b0\u1edfng v\u1edbi quan \u0111i\u1ec3m c\u1ee7a t\u1ed5 ch\u1ee9c. Vanda Insights c\u1ee7a Singapore ch\u1ec9 ra r\u1eb1ng th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u s\u1ebd duy tr\u00ec \u201cth\u1eb7ng d\u01b0 nh\u1eb9\u201d trong qu\u00fd n\u00e0y v\u00e0 qu\u00fd ti\u1ebfp theo. CEO Chevron c\u0169ng d\u1ef1 \u0111o\u00e1n gi\u00e1 d\u1ea7u s\u1ebd ch\u1ecbu \u00e1p l\u1ef1c l\u1edbn h\u01a1n trong n\u0103m 2026, gi\u00e1 giao ngay c\u00f3 th\u1ec3 gi\u1ea3m s\u00e2u h\u01a1n do d\u01b0 cung.<\/p>\n

<\/a>3. Tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng n\u0103m 2026: T\u00ecnh tr\u1ea1ng th\u1eb7ng d\u01b0 ti\u1ebfp t\u1ee5c di\u1ec5n ra v\u00e0 c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh c\u1ea7n \u0111\u01b0\u1ee3c t\u1eadp trung v\u00e0o<\/strong><\/p>\n

    \n
  1. C\u00e2n \u0111\u1ed1i cung c\u1ea7u v\u1eabn c\u00f2n l\u1ecfng l\u1ebbo. Wmax k\u1ebft h\u1ee3p v\u1edbi d\u1eef li\u1ec7u c\u1ee7a OPEC \u01b0\u1edbc t\u00ednh r\u1eb1ng OPEC s\u1ebd c\u1ea7n s\u1ea3n xu\u1ea5t trung b\u00ecnh 42,6 tri\u1ec7u th\u00f9ng d\u1ea7u th\u00f4 m\u1ed7i ng\u00e0y trong qu\u00fd \u0111\u1ea7u ti\u00ean c\u1ee7a n\u0103m 2026 \u0111\u1ec3 c\u00e2n b\u1eb1ng nhu c\u1ea7u, th\u1ea5p h\u01a1n s\u1ea3n l\u01b0\u1ee3ng trung b\u00ecnh h\u00e0ng ng\u00e0y th\u1ef1c t\u1ebf l\u00e0 43,02 tri\u1ec7u th\u00f9ng trong th\u00e1ng 10. N\u1ebfu OPEC+ duy tr\u00ec m\u1ee9c s\u1ea3n xu\u1ea5t trong th\u00e1ng 10 th\u00ec s\u1ebd c\u00f3 d\u01b0 th\u1eeba nh\u1eb9 20.000 th\u00f9ng\/ng\u00e0y trong su\u1ed1t c\u1ea3 n\u0103m. M\u1eb7c d\u00f9 quy m\u00f4 th\u1ea5p h\u01a1n so v\u1edbi d\u1ef1 b\u00e1o c\u1ee7a c\u00e1c c\u01a1 quan kh\u00e1c, nh\u01b0ng giai \u0111i\u1ec7u l\u1ecfng l\u1ebbo v\u1eabn r\u00f5 r\u00e0ng.<\/li>\n<\/ol>\n

    \"\u5c40\u90e8\u622a\u53d6_20251113_142452\"<\/p>\n

      \n
    1. Nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh c\u1eadn bi\u00ean \u0111\u01b0\u1ee3c mong \u0111\u1ee3i \u1edf ph\u00eda c\u1ea7u. IEA \u0111\u00e3 thay \u0111\u1ed5i gi\u1ecdng \u0111i\u1ec7u trong b\u00e1o c\u00e1o d\u00e0i h\u1ea1n v\u00e0 th\u1eeba nh\u1eadn r\u1eb1ng nhu c\u1ea7u d\u1ea7u c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c t\u0103ng trong v\u00e0i th\u1eadp k\u1ef7 t\u1edbi, \u0111i\u1ec1u n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi quan \u0111i\u1ec3m d\u00e0i h\u1ea1n tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a OPEC v\u00e0 mang l\u1ea1i s\u1ef1 h\u1ed7 tr\u1ee3 nh\u1ea5t \u0111\u1ecbnh cho c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n v\u1ec1 nhu c\u1ea7u th\u1ecb tr\u01b0\u1eddng.<\/li>\n
    2. C\u00e1c bi\u1ebfn s\u1ed1 v\u1ec1 \u0111\u1ecba l\u00fd v\u00e0 ch\u00ednh s\u00e1ch c\u00f3 th\u1ec3 g\u00e2y ra nh\u1eefng x\u00e1o tr\u1ed9n. Ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro do l\u1ec7nh tr\u1eebng ph\u1ea1t d\u1ea7u m\u1ecf c\u1ee7a Nga v\u00e0 cu\u1ed9c t\u1ea5n c\u00f4ng c\u1ee7a Ukraine v\u00e0o c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng n\u0103ng l\u01b0\u1ee3ng c\u1ee7a Nga \u0111ang trong cu\u1ed9c gi\u1eb1ng co v\u1edbi ngu\u1ed3n cung d\u1ed3i d\u00e0o tr\u00ean to\u00e0n c\u1ea7u. N\u1ebfu gi\u00e1 d\u1ea7u ti\u1ebfp t\u1ee5c gi\u1ea3m, n\u00f3 s\u1ebd gi\u00fap gi\u1ea3m b\u1edbt \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 c\u00f3 l\u1ee3i cho ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u v\u00e0 ng\u01b0\u1eddi ti\u00eau d\u00f9ng.<\/li>\n<\/ol>\n

      <\/a>4. Tr\u1ecdng t\u00e2m ti\u1ebfp theo: Xu h\u01b0\u1edbng ch\u00ednh s\u00e1ch c\u1ee7a OPEC+ tr\u1edf th\u00e0nh ch\u00eca kh\u00f3a<\/strong><\/p>\n

      Wmax s\u1ebd ti\u1ebfp t\u1ee5c theo d\u00f5i di\u1ec5n bi\u1ebfn c\u1ee7a cu\u1ed9c h\u1ecdp OPEC+ v\u00e0o ng\u00e0y 30 th\u00e1ng 11, trong \u0111\u00f3 s\u1ebd xem x\u00e9t c\u00e1c ch\u00ednh s\u00e1ch s\u1ea3n l\u01b0\u1ee3ng, k\u1ebft qu\u1ea3 c\u1ee7a cu\u1ed9c h\u1ecdp n\u00e0y c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1ee9c \u0111\u1ed9 v\u00e0 th\u1eddi gian c\u1ee7a t\u00ecnh tr\u1ea1ng d\u01b0 cung. L\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c ph\u00e2n t\u00edch chuy\u00ean nghi\u1ec7p t\u1eadp trung v\u00e0o th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u, Wmax s\u1ebd d\u1ef1a v\u00e0o vi\u1ec7c gi\u00e1m s\u00e1t d\u1eef li\u1ec7u theo th\u1eddi gian th\u1ef1c v\u00e0 hi\u1ec3u bi\u1ebft s\u00e2u s\u1eafc v\u1ec1 ng\u00e0nh \u0111\u1ec3 cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ea3 n\u0103ng di\u1ec5n gi\u1ea3i v\u00e0 d\u1ef1 \u0111o\u00e1n xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng li\u00ean t\u1ee5c v\u00e0 \u0111\u00e1ng tin c\u1eady.<\/p>","protected":false},"excerpt":{"rendered":"

      Wmax k\u1ebft h\u1ee3p d\u1eef li\u1ec7u c\u1ee7a OPEC v\u00e0 IEA \u0111\u1ec3 \u0111\u00e1nh gi\u00e1: th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4 to\u00e0n c\u1ea7u \u0111\u00e3 x\u00e1c nh\u1eadn t\u00ecnh tr\u1ea1ng d\u01b0 cung, m\u00f4 h\u00ecnh n\u1edbi l\u1ecfng s\u1ebd ti\u1ebfp t\u1ee5c v\u00e0o n\u0103m 2026, xu\u1ea5t kh\u1ea9u d\u1ea7u c\u1ee7a M\u1ef9 \u0111\u1ea1t m\u1ee9c cao m\u1edbi, d\u1ea7u Brent gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 64 \u0111\u00f4 la M\u1ef9, ch\u00eanh l\u1ec7ch gi\u00e1 khu v\u1ef1c c\u00f3 s\u1ef1 kh\u00e1c bi\u1ec7t, cu\u1ed9c h\u1ecdp c\u1ee7a OPEC+ v\u00e0o ng\u00e0y 30 th\u00e1ng 11 s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t bi\u1ebfn s\u1ed1 quan tr\u1ecdng v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean c\u1ea3nh gi\u00e1c v\u1edbi nguy c\u01a1 ti\u1ebfp t\u1ee5c gi\u1ea3m.<\/p>","protected":false},"author":1,"featured_media":7365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[140,139,141,138],"class_list":["post-7364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-iea","tag-139","tag-141","tag-138"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=7364"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7364\/revisions"}],"predecessor-version":[{"id":7370,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7364\/revisions\/7370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/7365"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=7364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=7364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=7364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}