OPEC+ to Prioritise Oil Supply over Price Floor, Says Kotak Securities Analyst

OPEC+ to prioritise oil supply over price floor, says Kotak Securities analyst

OPEC+ is expected to focus on oil supply rather than defending prices, while Brent below $85 benefits India, says Kotak Securities' Anindya Banerjee.

OPEC+ Will Prioritize Market Availability over Price Floor Till Hormuz Normalizes, Brent Likely to Stay Under $85: Analyst

Get latest articles and stories on Business at LatestLY. OPEC+ is unlikely to focus on defending a price floor in the near term and will instead be more concerned with oil availability, as the Strait of Hormuz remains only half-normalized, Anindya Banerjee, Senior Vice President and Head of Commodity Research, Currency, Commodities and Interest Rates, Kotak Securities, said. Business News | OPEC+ Will Prioritize Market Availability over Price Fl…

OPEC+ will prioritize market availability over price floor till Hormuz normalizes, Brent likely to stay under $85

New Delhi : OPEC+ is unlikely to focus on defending a price floor in the near term and will instead be more concerned with oil availability, as the Strait of Hormuz remains only half-normalized according to Anindya Banerjee, Senior Vice President and Head of Commodity Research, Currency, Commodities and Interest Rates, Kotak Securities. OPEC+ is an alliance of oil-producing nations that coordinates global crude oil production to manage and stabi…

OPEC+ to prioritise supply over prices, Brent seen below USD 85: Analyst

OPEC+ is unlikely to focus on defending a price floor in the near term and will instead be more concerned with oil availability, as the Strait of Hormuz remains only half-normalized according to Anindya Banerjee, Senior Vice President and Head of Commodity Research, Currency, Commodities and Interest Rates, Kotak Securities.