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Morgan Stanley Cuts Oil Price Estimates as OPEC+ Accelerates Output
With the additional OPEC+ output, Morgan Stanley raised its expected supply surplus for oil liquids in the second half of this year to 1.1 million barrels a day from 700,000 barrels a day, and for 2026 to 1.9 million barrels a day from 1.5 million barrels a day.
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
Morgan Stanley analysts on Sunday said Saturday's announcement by OPEC+ that it will increase June output by 411,000 b/d for a second straight month will widen the supply surplus this year and next, ...
There's one great reason why Frontline is outperforming Exxon and Conoco stocks today. Uh-oh. OPEC is up to something, and it ...
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, ...
A bold Saudi-led move to reorder the global oil market with an aggressive ramp-up of OPEC+ supply is forcing Wall Street ...
Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time ...
Axios on MSN6h
What OPEC's big weekend says about TrumpSaudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...
Investor's Business Daily on MSN4h
OPEC Shifts To Oil Price-War Stance Ahead Of Trump Saudi VisitThe Saudi-led OPEC meeting was originally scheduled for Monday, but moved ahead with "less than a day's notice" to Saturday, ...
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