annb0t
Top 20
Weaker-than-expected demand is set to tip the oil market into a surplus over the next five quarters, Macquarie said in a Friday note as it lowered its Brent and WTI oil forecasts for the rest of the year.
âAs we enter shoulder and turnaround season, the âlast hurrahâ for oil in the form of Q3 tightness is quickly fading as our balances contemplate heavy oversupply across the next five quarters,â according to the Macquarie note cited by BOEreport.com.
The bank revised down i...
>>> Read more: Macquarie Sees "Heavy Surplus" for Oil in 2025, Cuts Oil Price Forecast
âAs we enter shoulder and turnaround season, the âlast hurrahâ for oil in the form of Q3 tightness is quickly fading as our balances contemplate heavy oversupply across the next five quarters,â according to the Macquarie note cited by BOEreport.com.
The bank revised down i...
>>> Read more: Macquarie Sees "Heavy Surplus" for Oil in 2025, Cuts Oil Price Forecast
