{"id":2823,"date":"2024-12-06T14:03:20","date_gmt":"2024-12-06T15:03:20","guid":{"rendered":"http:\/\/sierrascreen.com\/?p=2823"},"modified":"2024-12-08T10:08:55","modified_gmt":"2024-12-08T10:08:55","slug":"morgan-stanley-hsbc-cut-oil-supply-forecast-predict-70-brent-after-opec-decision","status":"publish","type":"post","link":"http:\/\/sierrascreen.com\/index.php\/2024\/12\/06\/morgan-stanley-hsbc-cut-oil-supply-forecast-predict-70-brent-after-opec-decision\/","title":{"rendered":"Morgan Stanley, HSBC cut oil supply forecast, predict $70 Brent after OPEC decision"},"content":{"rendered":"
OPEC+ delayed oil output increases, pushing back plans by three months to April and extending cuts until September 2026. Morgan Stanley and HSBC revised their forecasts, predicting a Brent price of $70 per barrel and a smaller oil market surplus in 2025. Bank of America maintained a lower forecast, citing weak demand growth as a key concern for OPEC+. <\/p>\n","protected":false},"excerpt":{"rendered":"
OPEC+ delayed oil output increases, pushing back plans by three months to April and extending cuts until September 2026. Morgan Stanley and HSBC revised their forecasts, predicting a Brent price<\/p>\n