# JP Morgan: If OPEC doesn't maintain its cuts, oil could stay low

> J.P. Morgan's Asia Pacific oil head Scott Darling said Brent could fall toward its $55 low-price scenario for 2019 if OPEC does not maintain its output cuts through the full year. The cuts of about 1.2 million bpd were agreed for an initial six months starting in January.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61266-jp-morgan-if-opec-doesn-t-maintain-its-cuts-oil-could-stay-low
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Whether OPEC sustains its cuts determines whether crude stays supported, which feeds into diesel and freight costs. The view is a conditional forecast rather than a new supply event.

## Read by commodity

- BRENT: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2019/01/02/jp-morgan-if-opec-doesnt-maintain-its-cuts-oil-could-stay-low.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.