menu search

Goldman Sachs' 3 reasons why Saudi oil output cut was 'moderately bullish'

Goldman Sachs' 3 reasons why Saudi oil output cut was 'moderately bullish'
Adam had the news out of the OPEC+ meet meeting as it happened:Saudi Arabia to make 1m bpd production cut, others to extend cuts through 2024Goldman Sachs response has followed. Net, GS see the cut worth up to $6 per barrel higher for the price: the extra Saudi cut is worth +$1-6/bbl in terms of fundamentals, depending on whether the cut lasts 1-6 months, and strength in physical markets (borrowing a recession) should eventually boost positioning and pricesSays its "moderately bullish":1.Saudi A... Read More
Posted: Jun 4 2023, 22:46
Author Name: forexlive
Views: 102164

Search within

Pages Search Results: