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Upside risk to Brent oil forecasts due to OPEC output cut - Barclays

Eamonn Sheridan
03/04/2023 | 23:34 GMT

A snippet from Barclays on thier oil price forecasts.

  • Analysts at the bank say the OPEC+ output cut was a surprise
  • The production cut announced implies a US5/bbl upside to their $92/bbl forecast

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Views on the impact of the cut have varied:

  • Morgan Stanley has cut its oil price forecasts - here's why
  • Goldman Sachs raise their oil price forecast citing after OPEC+ output cuts
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