Goldman oil surplus

5 Oct 2018 Investment bank Goldman Sachs says that markets could swing into a surplus in early 2019 as OPEC deploys its spare production capacity.

9 Mar 2020 Goldman Sachs cut its second- and third-quarter Brent price forecasts to US$30 per barrel, citing the oil price war between Russia and Saudi This will not prevent, however, a third-quarter supply surplus of 1.2 million bpd. 8 Mar 2020 But that wouldn't be enough, they said, to prevent a third-quarter surplus of 1.2 million barrels a day with inventories peaking above their 2016  8 Mar 2016 “The oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016 on further OPEC production  11 Mar 2020 On March 9, Brent crude oil front-month futures prices fell below $35/b, a 24% daily decline and OPEC surplus crude oil production capacity. Global oil markets could witness a modest surplus into early 2019 as new spare capacity comes online, despite strong demand and uncertainty on the size of supply losses from Iran due to U.S Goldman Sachs said the oil market could see a record surplus of about 6 million barrels per day by April, considering a bigger-than-expected surge in low-cost output, while a slump in demand was Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient U.S. shale production.

Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient U.S. shale production.

1 day ago Goldman sees oil tumbling another 32% by July as coronavirus hits oil market will soon have to contend with what could be a record surplus. 22 Jan 2020 Oil prices have declined over the International Energy Agency's (IEA) forecast of a market surplus in the first half of this year. Goldman Sachs said that if the virus develops to SARS-like proportions, it could impact travel and  3 Jun 2019 Oil prices were on the rise on Monday, with Brent crude futures up 0.3% global oil market from deficit to surplus on a monthly basis,” Goldman  11 Sep 2015 “The oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016 … the potential for oil  7 Jan 2019 Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re- emerging surplus of oil and resilient U.S. shale production.

The global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc. had expected. A decline in production driven by unexpected supply disruptions as well as sustained demand have led to a “sudden halt” to the market surplus, Goldman analysts including Damien Courvalin and Jeffrey Currie wrote in a report dated May 15.

Goldman Sachs said the oil market could see a record surplus of about 6 million barrels per day by April, considering a bigger-than-expected surge in low-cost output, while a slump in demand was

Goldman says the surplus in crude oil has come to a ‘sudden halt’ As for the return to surplus in 2017, Goldman analysts said it isn’t dependent on a sharp price recovery beyond the $45

By Dan Murtaugh Goldman Sachs Group cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient US shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a January 6 note, down from a previous estimate of $70. US marker West Texas Intermediate will average $55.50 a barrel, down from a prior Goldman says the surplus in crude oil has come to a ‘sudden halt’ As for the return to surplus in 2017, Goldman analysts said it isn’t dependent on a sharp price recovery beyond the $45 An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy These supply and demand assumptions lead Goldman to expect a global oil market in surplus in 1H20, with a global cumulative inventory build of 180 mb, four times its pre-virus forecast. The bank The global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc. had expected. A decline in production driven by unexpected supply disruptions as well as sustained demand have led to a “sudden halt” to the market surplus, Goldman analysts including Damien Courvalin and Jeffrey Currie wrote in a report dated May 15. Goldman: Oil Glut To Return When OPEC Deal Expires That is the warning from a new Goldman Sachs report, which says that the oil market could find itself once again awash in oil in the second

12 Jan 2015 The day's plunge began after Goldman Sachs released a bearish oil the 93- million-barrel-a-day global oil market has a supply surplus of one 

5 Oct 2018 Investment bank Goldman Sachs says that markets could swing into a surplus in early 2019 as OPEC deploys its spare production capacity.

16 May 2016 The oversupplied oil market has likely shifted to a deficit in May, the investment bank's analysts believe, and they now are looking for prices to  5 Oct 2018 Investment bank Goldman Sachs says that markets could swing into a surplus in early 2019 as OPEC deploys its spare production capacity. 5 дн. назад Goldman Sachs reported that oil market by April to deal with a record surplus of about 6 million barrels per day, given the greater than expected  5 days ago Oil prices moved modestly higher on Friday, but posted their worst weekly to the coronavirus looking increasingly broad," said Goldman Sachs, which now expects what it said would be a record high oil surplus of 6 million