Tag: bblday

OPEC+ 2mn bbl/day cut; not what it seems, but it signals the cartel will support the price

The news out of the meeting of the oil group:That 2mn number is misleading, though, as ANZ point out:the OPEC+ alliance agreed to cut current production quotas by 2mb/d. However, the group will...

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...

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