The research house has maintained its “overweight” rating on the O&G sector and revised its target Brent crude oil forecasts for 2023-2024 at US$85 per barrel and for 2025 at US$80 per barrel.“Downside risks to our projections include reactivation of spare capacity from the Organisation of the Petroleum Exporting Countries in the near term, China’s slower-than-expected oil demand growth and de-escalation of geopolitical conflicts,” it said in a note today.
The investment bank said the US SPR is at its lowest level since 1983 at 351 million barrels as of September 2023.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hong Leong Investment Bank maintains overweight rating on O&G SectorKUALA LUMPUR, Nov 6 — Hong Leong Investment Bank (HLIB) maintained its overweight rating on the oil and gas (O&G) sector and expects oil price to remain higher-for-longer at the...
Fuente: malaymail - 🏆 1. / 86 Leer más »
Sarawak police: Pastor in Miri loses RM430,000 to investment scamMIRI, Nov 4 — A local pastor incurred losses amounting to RM430,000 after he was deceived into joining an investment scheme that was promoted on social...
Fuente: malaymail - 🏆 1. / 86 Leer más »
UAW says GM outlines EV investment plans, will raise wages for US workersDETROIT, Nov 5 — The United Auto Workers union said its tentative contract deal with General Motors includes plans for investments around electric vehicles and will raise wages...
Fuente: malaymail - 🏆 1. / 86 Leer más »
Two more arrested over i-Serve investmentJOHOR BARU: Traders here are continuing to enjoy brisk business, with loads of Singaporeans crossing over to take advantage of their strong currency.
Fuente: staronline - 🏆 4. / 75 Leer más »
Two more arrested over I-Serve investmentKUALA LUMPUR: Police have arrested two more individuals to help in the investigation of a money laundering case involving i-Serve investment company b...
Fuente: theSundaily - 🏆 25. / 51 Leer más »
Police arrest two more over i-Serve investmentKUALA LUMPUR, Nov 6 — Police have arrested two more individuals to help in the investigation of a money laundering case involving i-Serve investment company believed to be linked...
Fuente: malaymail - 🏆 1. / 86 Leer más »