Login ID:
Password:
Partner Login
Contact Us : 7066511911

Goldman Expects OPEC+ To Delay Production Ramp–Up

24 Nov 2020 12:09 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 


Mumbai (Commodities Control) – GOLDMAN SACHS:

Expects OPEC+ To Delay Planned 2 Mln Bpd January Production Ramp-up For Three Months When It Next Meets

Says "Such An Extension Would Help Bring The Global Market Back Into A 1 Mln Bpd Deficit In 1q21 After A Brief Return Into Surplus Next Month"

Expects Brent Crude Prices To Average $47/bbl In Q1 2021

Sees 1.5 Mln Bpd Global Average Oil Deficit And 4 Mln Bpd Increase In Opec Production With Inventories Still Normalizing By 4Q’21



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Crude Oil Drops as New COVID Cases in China Trigger Cla...
Energy – Natural Gas (NYMEX) – Signs of a Deeper Correc...
Energy – Crude Oil (NYMEX) – Consolidating Near 52-Wk H...
Crude Oil Slips on Surprise Rise in U.S. Crude Stocks
Energy – Natural Gas (NYMEX) – Signs of a Deeper Correc...
more
Top 5 News
Brazil's Soy Output View Reduced to 132.4 Mn T after Ea...
Long/Short Quantity Position In NCDEX Soyabean On 21st ...
Long/Short Quantity Position In NCDEX Castor seed On 21...
BMD CPO close: Palm oil drops 1%, set for second weekly...
Shangahi Rubber Price – 22 January 2021
Top 5 Special Reports
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...
Robust Chinese Demand to Keep Cotton Prices Firm, ZCE C...
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...
Copyright © CC Commodity Info Services LLP. All rights reserved.