12 hours ago Goldman Sachs slashed its price forecast for second-quarter Brent crude oil by a third to $20 a barrel, predicting global demand would drop a  10 Dec 2019 Oil prices forecast. According to Goldman Sachs, Brent and WTI crude oil spot prices could average $63 per barrel and $58.5 per barrel, 

The brokerage shaved its 2020 outlook for global oil demand growth to 1.3 million bpd from 1.4 million bpd previously. According to Goldman Sachs, Brent and WTI crude oil spot prices could average $63 per barrel and $58.5 per barrel, respectively, in 2020. The earlier forecast was $60 per barrel and $55.5 per Goldman Sachs lowered its Brent price outlook, saying OPEC+ output cuts and interest rate reductions by central banks would not be enough to stem a large inventory build up caused by declining Platts Analytics forecast US oil and condensate production to rise to 13.36 million b/d in 2020 and average nearly 14 million b/d in 2021. Goldman Sachs forecast oil output in the Permian to grow by 800,000 b/d this year, accounting for 42% of non-OPEC oil output growth. Goldman Sachs downgraded its oil price forecasts for 2019, citing a surge in global production and surprisingly resilient U.S. shale growth. The investment bank now expects international benchmark Brent crude to average $62.50 a barrel this year, down from a previous forecast of $70. 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 to deepen

Overview. The “New Oil Order” created by the U.S. shale revolution is reshaping global energy markets and bringing with it a new era of volatility. READ THE 

12 hours ago Goldman Sachs slashed its price forecast for second-quarter Brent crude oil by a third to $20 a barrel, predicting global demand would drop a  10 Dec 2019 Oil prices forecast. According to Goldman Sachs, Brent and WTI crude oil spot prices could average $63 per barrel and $58.5 per barrel,  10 Dec 2019 Goldman Sachs has raised its oil price forecasts for 2020, citing tighter-than- expected inventories after the Organisation of the Petroleum  Jan.20 -- Jeff Currie, global head of commodities research at Goldman Sachs, discusses the potential for carbon capture technologies, oil prices and his outlook   22 Oct 2019 Goldman Sachs forecast oil output in the Permian to grow by 800,000 b/d this year, accounting for 42% of non-OPEC oil output growth. While the 

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 to deepen

Goldman Sachs lowered its Brent price outlook, saying OPEC+ output cuts and interest rate reductions by central banks would not be enough to stem a large inventory build up caused by declining Platts Analytics forecast US oil and condensate production to rise to 13.36 million b/d in 2020 and average nearly 14 million b/d in 2021. Goldman Sachs forecast oil output in the Permian to grow by 800,000 b/d this year, accounting for 42% of non-OPEC oil output growth. Goldman Sachs downgraded its oil price forecasts for 2019, citing a surge in global production and surprisingly resilient U.S. shale growth. The investment bank now expects international benchmark Brent crude to average $62.50 a barrel this year, down from a previous forecast of $70.

Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 40 years.

16 Dec 2016 Investment bank Goldman Sachs Friday revised its crude oil price forecast for the second quarter of 2017 on the back of a decision by OPEC  21 Jan 2020 However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half  1 day ago Goldman Sachs on Tuesday lowered its second quarter 2020 outlook for Brent crude to $20 per barrel from $30, a 32% decline from where it  Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 40 years. The optimism outweighed Goldman Sachs Group Inc. slashing its 2020 crude-demand growth forecast almost in half and lowering its first-quarter oil-price estimate by 16%.

Oil: Still Searching for the Equilibrium. Shale continues to complicate rebalancing of the global oil market, but Goldman Sachs’ Head of Commodities Research Jeff Currie sees the balance of risks tilted to the upside for the second half of 2017.

Goldman sees global oil demand falling 150,000 barrels a day, while FGE expects consumption to shrink by 220,000 barrels a day.

10 Sep 2019 Crude oil prices have shed nearly 20 per cent from 2019 highs hit in April, partly because of an escalating trade war between the US and  23 Sep 2019 Oil prices are unlikely to gather much upside traction from current levels shows analysis from Goldman Sachs. The Wall Street investment bank  16 Dec 2016 Investment bank Goldman Sachs Friday revised its crude oil price forecast for the second quarter of 2017 on the back of a decision by OPEC  21 Jan 2020 However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half  1 day ago Goldman Sachs on Tuesday lowered its second quarter 2020 outlook for Brent crude to $20 per barrel from $30, a 32% decline from where it  Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 40 years. The optimism outweighed Goldman Sachs Group Inc. slashing its 2020 crude-demand growth forecast almost in half and lowering its first-quarter oil-price estimate by 16%.