Subscribe To
Barclays' oil outlook is for non-OPEC+ supply to slow significantly in the months ahead

Barclays' outlook for oil: expect non-OPEC+ supply growth to slow significantly over coming quarters and lot of incremental weakness in demand is likely already in priceforecasts US oil output to grow 700 kb/d q4-to-q4 in 2023 and 300 kb/d in 2024, with Permian still driving most of the gainsOPEC+ will likely remain proactive with primary goal of avoiding sustained surplus These seem to make sense. Lower prices is not going to encourage non-OPEC to expand output a great deal. Permian to inch up...
Read More
Posted: Jun 13 2023, 21:01
Author Name: forexlive
Views: 070657