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OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest near term upside to Brent prices, Goldman Sachs said.
Goldman Sachs Expects No Change in Oil Prices Next Year
Goldman Sachs expects oil prices to remain relatively stable in 2025, citing ample spare capacity and potential Iranian supply as key factors.
Crude oil production decline to support modest upside in Brent prices, says Goldman Sachs
Goldman Sachs said a rising adherence to these cuts indicates stronger collaboration among OPEC+ members to stabilise the market.
Goldman Sachs expects oil prices to average around $80/bbl in 2024
Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday.
1d
on MSN
Oil prices are now 'a touch too low' relative to inventory, says Goldman Sachs' Daan Struyven
Daan Struyven, Goldman Sachs head of global commodities research, joins 'Squawk Box' to discuss the state of the oil market, ...
23h
Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025
Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical ...
Yahoo
5d
Oil prices could drop 20% in the next 2 years if the US implements tariffs, Goldman Sachs says
Goldman
Sachs
predicts that
oil
prices
could fall about 20% to the low $60s by the end of 2026. The analysts point to ...
9h
on MSN
Goldman Sachs analyst spells out ‘significant consequences’ of Trump’s huge tariff plans
Goldman Sachs analyst spells out ‘significant consequences’ of Trump’s huge tariff plans - President-elect Donald Trump’s ...
businessday
2d
Goldman Sachs sees $76 oil in 2025
Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, ...
MercoPress
1d
Morgan Stanley, Goldman Sachs, Citi forecast oil price falling in Q4 and 2025
Goldman
Sachs
has lowered its expected range for Brent
oil
prices
some five dollars, to US$70/US$85 per barrel, on the back of weaker Chinese
oil
demand, high inventories, and rising U.S.
59m
on MSN
Oil steady after surprise rise in US gasoline stocks
Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about ...
16h
Trump’s Canada tariffs may impact US consumers and oil refiners, warns Goldman Sachs
Goldman Sachs has warned that Trump’s tariffs on Canadian and Mexican crude oil could hurt US consumers significantly.
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