15 September, AtoZForex.com, Vilnius – With a persistent Crude surplus, the risk of Oil reaching $20 increasingly grows, point Goldman Sachs oil notes, cutting its forecasts for WTI prices once more. The source of the glut: an abundance of Oil, scarcity of storage space and lower demand. Goldman Sachs estimates that in a timeframe from January to August petroleum storage tanks have been ... Goldman Sachs outlook for currencies in the year ahead Some themes from Goldman Sachs' 2020 outlook for currencies in 2020: On the dollar, Goldman Sachs believes that strong domestic fundamentals ... Goldman Sachs cutting 2Q and 3020 Brent price forecasts to $30/bbl with possible dips in prices to operational stress levels and well-head cash costs near $20/bbl. This follows the weekend news ... Goldman Sachs says it remains bullish on oil prices in 2021 . Goldman Sachs says it remains bullish on oil prices in 2021. Breaking News. Ad-Free Version. Subscribe now to follow markets, faster ... Analysts at Goldman Sachs maintain their Brent price-forecast for the year-end while projecting a constructive outlook for the next year, in their latest client note. Key quotes “Oil inventories globally should drawdown in September.” “Market deficit of 3m b/d likely in Q4.” “Our constructive 2021 view remains intact.” Goldman Sachs slashed its price forecast for second-quarter Brent crude oil by a third to $20 a barrel, predicting global demand would drop a record of 1.1 million barrels per day (bpd) this year as the coronavirus epidemic slams economic growth. At that level Brent would be at its lowest since February 2002. Oil prices slipped again on Wednesday, with Brent trading near $28.50 a barrel at ... 2 weeks Goldman Sachs on oil – looking for further volatility in the month ahead (here’s why) Forexlive . Goldman Sachs citing the coronavirus usual suspects: And also the fall out from the US election. These point to oil price volatility in November with net near-term downside. Coronavirus · Currencies (Forex) · Futures & Commodities · Goldman Sachs (GS) · U.S. 14 mins GBP/USD: Bears ...
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