Post by
JTDOUBLE on Feb 03, 2022 12:21pm
Goldman Sachs still calling...
as higher oil price in spite OPEC 400k barrels of additionals supply ..
11:22 AM EST, 02/03/2022 (MT Newswires) -- Goldman Sachs on Thursday said the decision by OPEC+ to maintain its schedule of raising quotas monthly by 0.4-million barrels per day, even as most of its members are unable to raise output, supports higher prices as spare production capacity falls while inventories remain low.
Comment by
smush74 on Feb 03, 2022 1:15pm
Iraq produced well below its OPEC+ crude quota in January. Its output actually fell by 63,000 bpd from December, the data showed. Production fell or did not increase in Angola, Congo, Iran, Iraq and Libya, the survey found, in many cases owing to a lack of capacity to produce more or because of unplanned outages.
Comment by
JTDOUBLE on Feb 03, 2022 1:29pm
It's setting up for 100 bucks oil!! kost of these maintenance was forgo during the last years .
Comment by
Al42 on Feb 03, 2022 1:35pm
yeah but most of my oil stocks are down over 2% today Fu**ing stupid!!