HSBC sees gradual unwinding of OPEC+ voluntary cuts over next year
ReutersSep 9, 2025 9:57 AM
Sept 9 (Reuters) - HSBC said on Tuesday that in its latest oil market supply and demand model, it assumes that OPEC+ will gradually unwind 1.65 million barrels per day of “first-phase” voluntary production cuts over a 12-month period.
The bank previously thought OPEC+ would take a breather after unwinding 2.2 mbd of cuts, and wait for 2026 to add more barrels.
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