Goldman Sachs Sees Bearish Outlook from OPEC Meeting

24.06.04 News

Goldman Sachs analysts view the recent OPEC+ meeting as bearish, highlighting the plan to phase out extra voluntary production cuts as a key concern. Despite various production cut extensions, the gradual unwinding of additional cuts signals potential challenges in maintaining low production, posing downside risks to Brent crude prices within the $75-90 range.

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