Goldman Sachs comments on risks to Brent forecast; solid demand, US supply slow down
<p>Goldman Sachs comments on the additional OPEC+ cuts into Q124:</p><ul><li>says "still see risks to
unchanged December 2024 Brent forecast of $93/bbl as tilted
moderately to the downside"</li><li>Expects solid demand
growth, slowdown in US supply growth, low OPEC supply to keep Brent
in the $80-100 range in 2024</li></ul><p>Earlier on oil:</p><ul><li><a href="https://www.forexlive.com/news/opec-statement-says-the-next-meeting-will-be-in-june-but-offers-little-else-20231130/" target="_blank" data-article-link="true">OPEC+ statement says the next meeting will be in June but offers little else</a></li></ul><ul><li><a href="https://www.forexlive.com/news/confusion-and-disobedience-angolas-bold-move-challenges-opec-20231130/" target="_self">Confusion and disobedience: Angola's bold move challenges OPEC+</a></li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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