OPEC+ Production Levels: OPEC+ is expected to maintain current production levels at its upcoming meeting, with discussions focused on assessing countries' maximum production capacities for future output baselines.
Diverging Member Interests: Some members, like Nigeria, are advocating for higher production quotas despite limited capacity, while the UAE has significant spare capacity and recently increased its output share.
Previous Production Cuts: OPEC+ had been reducing production for several years until April, when eight members began to increase output to regain market share, but they decided to pause further hikes for Q1 2026 due to oversupply concerns.
Market Impact: Crude oil futures have seen a slight decline, trading at $57.72 per barrel, influenced by geopolitical developments and changes in U.S. crude stockpiles.
Wall Street analysts forecast SCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 17.490
Low
Averages
High
Current: 17.490
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
