Reuters conveying the main points from a note vias ANZ, analysts at the bank:
- Maintain end of year oil price target at $100/bbl; says upside beyond this looks unlikely in 2024
- See growth in US oil production remaining weak
- Expect US shale oil output to reach only 9.1mb/d in q4 2023
- Expect Saudi Arabia to lift its voluntary production cut of 1mb/d in Q4
Oil update:
