HSBC expects OPEC+ to announce another accelerated supply hike for July, similar to May/June and then pause in Q1'26
- HSBC sees rising downside risks to Brent forecasts of USD 68.50/bbl and USD/bbl for 2026.
Analysis details (13:53)
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As a reminder: OPEC+ members are reportedly discussing on whether to agree to another output hike of 411k BPD in July, via Bloomberg citing sources; one of the options being discussed, no agreement has been reached yet.
23 May 2025 - 13:50- - Source: Newswires
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