Morgan Stanley Predicts Slump in Big Oil Profits ...Middle East

OILPRICE - Economy
Morgan Stanley Predicts Slump in Big Oil Profits
source : OILPRICE ( Middle East ) () 27
Earnings at the biggest international oil companies are set to slump later this year and in 2026, threatening the pace of buybacks, as a substantial oil market surplus would weigh on prices.   Last week Morgan Stanley joined other major investment banks in slashing oil price forecasts amid expectations of a larger market surplus later this year as OPEC+ plans to raise output much more than previously expected. Morgan Stanley cut its oil price forecasts for the remainder of the year, anticipating a bigger glut. The bank revised down its…

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