Deutsche sees OPEC+ scaling in production hikes 3 months in a row (and more)


Analysts at Deutsche Bank forecast half-million barrels/day production increases in March, April and May

  • at OPEC+ meetings those months
  • then another 500k bbl/day hike in June 

DB add that WTI getting to $65 may not be enough to ‘tremendously accelerate activity’ in the US. If there is a supply decline in the US it’ll encourage Russia in increasing output. (Russia being less concerned about losing market share to the US).  

Analysts at Deutsche Bank forecast half-million barrels/day production increases in March, April and May

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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