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Oil Price - Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
04-04-2025 02:26
The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump's sweeping and market-hammering tariff announcements. Markets were therefore stunned when OPEC+ chose not only to go ahead with its previously held plans to increase oil production,
Goldman Sachs lowers oil price outlook on supply glut and recession concerns
Goldman Sachs has revised its forecast for Brent crude oil's average price for the year, lowering it by 5.5% to $69 per barrel.
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