Goldman Again Slashes Oil Price Forecast As Saudis Launch Price War On Quota-Buster Kazahksatan

Goldman Sachs slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in May. In an online meeting on Saturday, key OPEC+ producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day