EnergyWatch

Goldman says oil to surpass USD 80 with market likely balanced

Wall Street bank Goldman Sachs estimates that Brent crude will reach USD 75 over the next three months and surpass USD 80 within six months.

Photo: SaudiAramco

Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced. 

The bank now estimates Brent will reach USD 75 a barrel over the next three months and will climb to USD 82.50 within six months, analysts including Damien Courvalin wrote in an emailed report. Their previous estimate for both time periods was USD 62 a barrel.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

New developer has 11GW offshore wind ready from inception

Profiles from European Energy, Ørsted and Centrica team up to found a new company aiming to develop solar, onshore wind, offshore wind and do power trading. Theres a hole in the market for us right now — in five years it will be closed, says director.

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs