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Goldman Sachs: Risk in Oil Markets Is Skewed to the Downside

OilPrice

The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs.

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Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83

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Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

Oil & Gas 360º

(Investing) –Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. Brent crude futures were trading at $60.02 a barrel by 0802 GMT, while U.S. a barrel.

BBL 130
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WoodMac: Oil sector investment at risk amid tariff uncertainty, price volatility

Oil & Gas Journal

The global oil industry has been on alert since oil prices dropped below $60/bbl. Investment in the US Lower 48 tight oil sector has shown notable sensitivity.

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Oil companies slip further as oversupply fears add to tariff worries

BOE Report

(Updates) ** Shares of oil companies decline further in morning trading after eight OPEC+ countries announced they would advance their plan for oil output hikes * OPEC+ will increase output by 411,000 barrels per day in May ** Brent futures fall 6.1% bbl by [Read more] West Texas Intermediate crude futures decline 6.6%

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Goldman Sachs sees downside risk to oil price view amid tariffs, spare capacity

BOE Report

Tariff escalation and high spare capacity skew medium-term risks to Goldman Sachs’ oil price forecast to the downside, the bank said.

BBL 104
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Goldman Sachs: Risk in oil markets is skewed to the downside

Oil & Gas 360º

(Oil Price) –The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs. HSBC analysts also see risks in oil skewed to the downside amid expectations of a surplus this year and next.

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