Tag: cut

Reports that the US is lobbying OPEC+ nations not to cut oil output (… well, d’uh)

Reuters citing a 'source familiar with the matter' says that the US is pushing OPEC+ nations not to proceed with an oil output cut. Arguing that economic fundamentals do not support a cut.---It...

Oil Soars as OPEC+ Mulls Huge Output Cut to Defend Prices. What Now for Crude?

OIL PRICES FORECASTOil prices blast higher on reports that OPEC+ will deliver a substantial output cut this week to support the marketWTI and Brent’s near-term outlook appears to be improving following the steep...

OPEC+ plans to discuss 1 million-barrel output cut as demand slows

(Bloomberg) — OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than...

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...

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...

British Pound Soars as Truss Cans Tax Cut Plan. Will GBP/USD Extend its Recovery?

BRITISH POUND OUTLOOK:GBP/USD rallies after the UK government scraps expensive and unfunded plan to cut taxesWhile the Prime Minister’s credibility has been damaged, investors welcome the move towards a less irresponsible fiscal stanceThe...

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