Goldman Sachs cuts 4Q oil forecast by $10/bbl on China 'speed bump' - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 21 November 2022

Goldman Sachs cuts 4Q oil forecast by $10/bbl on China 'speed bump'

"We still believe Russian production will decline about 0.6 million barrels per day from here, with risks of a deeper, more abrupt disruption, still present," the bank said, warning that inventories could deplete once again in the first half of 2023 if OPEC and its allies maintain current output quotas.

from Commodities-Markets-Economic Times
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