ANZ Sees Downside Risks For Oil Prices
ReutersMay 8, 2025 5:45 AM
May 8 (Reuters) - ANZ:
SEES DOWNSIDE RISKS FOR OIL PRICES
SAYS "WE MAINTAINS OUR SHORT-TERM (0-3MTH) PRICE TARGET OF $55/BBL, HOWEVER RISKS REMAIN FIRMLY SKEWED TO THE DOWNSIDE"
SAYS "WE NOW PUT A HIGHER PROBABILITY ON OPEC+ FULLY UNWINDING THE HEADLINE 2.2MB/D VOLUNTARY CUTS BY THE END OF 2025. THIS WOULD RESULT IN SAUDI ARABIA’S OUTPUT RISING TO 10MB/D, WHICH WILL BE PARTLY OFFSET BY THE DISAPPEARANCE OF GROWTH IN US SHALE OIL OUTPUT."
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