Post Tagged with: "Goldman"

Source: CNBC

Goldman says oil could hit $100, demand might reach ‘new record high’ in the next two years

CNBC


Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.

Damien Courvalin, the investment bank’s head of energy research, also said Friday that oil at $100 per barrel was a possibility.

Oil demand was …

Goldman sees crude oil output path uncertain as OPEC+ talks cease

Goldman sees crude oil output path uncertain as OPEC+ talks cease

Reuters


Goldman Sachs said on Tuesday the collapse of OPEC+’s oil output talks have introduced uncertainty into the group’s production path, while maintaining its view of $80 a barrel Brent price for this summer and gradual increase in output early …

Source: Reuters

Goldman says more OPEC+ supply needed to balance oil market

Reuters


Goldman Sachs Commodities Research said more oil production is needed from the Organization of the Petroleum Exporting Countries and allies (OPEC+) to balance the market by 2022 as supply risk looms elsewhere.

The U.S. bank forecast oil demand to …

Goldman Says for a Peek Into Oil’s Future, Go Back to 1990s

Goldman Says for a Peek Into Oil’s Future, Go Back to 1990s

From Bloomberg

The future of the oil market may resemble the past — specifically the 1990s — according to Goldman Sachs Group Inc.

That’s when prices remained steadily in backwardation, a market structure where near-term futures are costlier than later …

April 9, 2019 - 4:16 pm Closing Bell Story‎, Crude Oil News, Energy News

Goldman’s an Oil Price Bull in 2018: 9% Total Returns Forecast

From Bloomberg

2018 Brent View Raised to $62 from $58; WTI to $57.50 from $55

Bank sees lower inventories in 2018 on OPEC commitment to cuts

Goldman Sachs Group Inc. predicts oil prices will retain their strength, at least through …

December 5, 2017 - 8:35 am Closing Bell Story‎, Commodity Pricing, Energy News