goldman sachs on oil prices

European Big Oil stocks exposed to the recovery in transportation have a 20% to 50% upside potential in the next 12 months, according to Goldman Sachs analysts. I will go a step further than Goldman Sachs and project that Brent crude oil prices could average $65-$70 a barrel in 2021. “Jeff Currie, Goldman’s global head of commodities research, said he expects oil demand to increase by 5.2 million barrels per day over the next six months. Goldman Sachs sees the oil price pullback as a buying opportunity and forecasts Brent crude reaching $80 per barrel this summer even as the recent rally in prices "takes a big breather." Goldman Sachs expects commodities prices to stage double-digit rallies over the next six months as coronavirus restrictions ease across the world, aided by lower interest rates and a weaker … In terms of oil, Goldman is forecasting “a significant rebound in global oil demand in coming months, key to our forecast for higher oil prices”, Goldman said its optimism reflects … (Reuters) - Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive prices higher next year, Goldman Sachs Equity Research … Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.. A … Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman Sachs Group Inc. ET Goldman Sachs said it has identified a turning point in the oil and gas investment and production cycle that is arriving seven years after the 2014 oil-price peak which signaled the end of … The Tell Oil prices will rally ‘sooner and higher.’ Expect $75 Brent crude this year, says Goldman Sachs Published: Feb. 22, 2021 at 3:58 p.m. Goldman Sachs analysts said this when discussing rising demand: The level of global oil demand has been flat – around 95 million barrels per day over the past six months. Goldman Sachs raised its estimates for oil prices on Monday, projecting that Brent crude can rise to $75 a barrel in the third quarter on increasing demand and a slow rebound in supply. My projection is based on a few bullish factors.

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