(Reuters) - Goldman Sachs raised its oil price forecasts for 2020, citing tighter-than-expected inventories after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed Goldman is expecting Brent crude oil to average $63 next year, with WTI averaging $58.50 per barrel, according to its revisions made last week. Two weeks ago, JP Morgan called it for OPEC, saying While many investment banks think that oil prices could hit $100 on plunging Iranian exports, Goldman Sachs maintains its ‘overweight’ outlook on oil and sees crude stabilizing at around $70 The New Oil Order: On Hiatus. The shift from a lower-for-longer to a higher-for-now oil price environment is set to continue this year says Goldman Sachs Research’s Jeff Currie, but the “New Oil Order” story isn’t over. Goldman Sachs lowered its second and third quarter outlook for Brent crude oil and said prices could fall to $20 per barrel amid a price war between OPEC and Russia. That would be another 43% Goldman Sachs cuts oil-demand growth outlook almost in half refiners have seized on the recent slump in oil prices to bulk up on cheap cargoes in a sign that they may be positioning for an Goldman Sachs says oil prices are going nowhere next year. Published Wed, Goldman Sachs lowered its oil demand growth forecast to 950,000 barrels per day (b/d) in 2019, down from a previous
10 Dec 2019 Goldman Sachs has raised its oil price forecasts for 2020, citing tighter-than- expected inventories after the Organisation of the Petroleum 9 Dec 2019 SINGAPORE (BLOOMBERG) - Goldman Sachs raises 2020 Brent spot price to US$63 a barrel from US$60 previously, according to emailed 25 Dec 2019 HOUSTON: Oil prices are likely to remain in check during 2020 as Opec+ offset by higher output from other countries and a mixed outlook for demand, Goldman Sachs Group Inc. increased its estimate for Brent crude to
Across our macro and industry research, we examine the search for a new equilibrium in prices and how the changed landscape is impacting markets, economies, 1 day ago Goldman Sachs cut its oil forecast based on the coronavirus-induced This is Goldman's second cut to price forecasts in less than two weeks.
Goldman Sachs lowered its oil demand growth forecast to 950,000 barrels per day (b/d) in 2019, down from a previous forecast of 1.25 million bpd.
12 Nov 2019 Investment bank Goldman Sachs has cut its growth forecast in US shale output for 2020 by 100,000bpd to 600,000bpd over 2019. Reuters