Oil prices may be soft in 2024 amid surprisingly ample supply
WEBWhile demand for crude oil held up over the past year, the growth in oil supply has been surprisingly robust. The result has been softer oil prices, and that phenomena may continue in 2024, says Sarah Kiernan, head of Americas Commodities Sales in Global Banking & Markets at Goldman Sachs.
Oil could hit $107 due to Saudi Arabia’s and Russia’s supply cuts ...
WEBSep 6, 2023 · Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their aggressive supply cuts, Goldman Sachs warned its clients.
Peak oil demand is still a decade away - Goldman Sachs
WEBJun 17, 2024 · While some prominent forecasters have predicted oil demand will peak by 2030, our researchers expect oil usage will increase through 2034. That’s in part because of demand for oil from emerging markets in Asia and demand for petrochemicals, according to a report by Goldman Sachs Research.
Goldman Sachs Says Oil’s Going Back to $100 as OPEC+ Cuts - Bloomberg.com
WEBSep 20, 2023 · Goldman Sachs Group Inc. rejoined the $100-a-barrel oil club, raising its forecast for crude back to triple digits as worldwide demand hits unprecedented levels and OPEC+ supply curbs...
Goldman Sachs lowers its 2024 oil price forecast by 12% due to ... - CNN
WEBDec 18, 2023 · Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States. The Wall Street bank wrote in a …
Oil to rise to $86 per barrel this quarter on 'solid summer demand ...
WEBJun 10, 2024 · Goldman Sachs analysts forecast Brent crude prices to rise to $86 per barrel, almost a 7% increase from current levels. On Monday, West Texas Intermediate (CL=F) was trading just over...
Goldman Sachs cuts oil price forecast by almost 10% - CNN
WEBJun 12, 2023 · Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia.
Goldman Sachs expects 'all time high' oil demand will boost prices - CNBC
WEBJul 24, 2023 · Goldman Sachs expects record demand in oil markets to drive crude prices higher in the near term. “We expect pretty sizable deficits in the second half with deficits of almost 2 million...
Goldman upgrades oil demand outlook as market tempers …
WEBJul 31, 2023 · Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the...
Oil investing: Goldman Sachs on energy outlook, oil at $100 possible - CNBC
WEBDec 17, 2021 · 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 …
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