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Wall Street is raising its forecasts on oil prices following a surprise OPEC+ announcement to cut production. ... Goldman Sachs Commodities Research analysts increased Brent forecasts by $5/bbl to ...
Goldman Sachs is the latest Wall Street firm to lift its oil forecast amid tight supply. ... Goldman analysts predict OPEC will be able to maintain prices in the range of $80 to $105 in 2024.
On Tuesday, Goldman Sachs reportedly stated AI could lower oil prices over the next decade by reducing costs and increasing recoverable resources, boosting supply. The bank says that AI’s impact ...
Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States. The Wall Street bank wrote in a note Sunday that it now expects ...
Jeffrey Currie. Jeff Currie is an economist and currently Chief Strategy Officer of Energy Pathways at The Carlyle Group. He is the former Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs. He rose to prominence during the 2000s by forecasting the commodity super-cycle and oil spiking above $100 a ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...