Tag: 1mn

Goldman Sachs forecast a ‘front-loaded’ rise in the oil price on a 1mn bbl/day OPEC+ cut

OPEC+ is widely expected to announce it'll cut its oil output by 1mn (or more) barrels per day at Wendesday's meeting:Goldman Sachs on why OPEC+ wpould cut:"The collapse in investor participation, driving liquidity...

October 4, 2022

Oil – An OPEC+ 1mn barrel / day output cut “would tighten the market considerably”

In brief summary comments on oil via ANZ. Crude oil prices rallied sharply as expectations of a large cut to OPEC production rose. The OPEC+ alliance is due to meet in Vienna on...

October 3, 2022

Oil – OPEC+ meeting: ANZ see a significant chance of a cut as large as 1mn barrels/day

Oil gapped higher at the open of US futures trade on Sunday evening:ANZ remarks on what they expect from the OPEC+ meeting on Wednesday:The group has already signalled that it is willing to...

October 3, 2022