Goldman sees oil supplies tightening

Goldman sees oil supplies tightening
# 28 February 2023 12:10 (UTC +04:00)

Strong pick-up in fuel demand in China and flattish supply from other producers will push the oil market into deficit in the second half of this year, leading OPEC to reverse its production cut at the June meeting, analysts at Goldman Sachs said, APA reports citing The Economic Times.

OPEC+, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, agreed in October to cut oil production targets by 2 million barrels per day (bpd) until the end of 2023.

#
#

THE OPERATION IS BEING PERFORMED