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Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States. Goldman Sachs lowers its 2024 oil price forecast by 12% due to ...
The Goldman Sachs analysts say there's some upside in the short term, though. The analysts, led by Daan Struyven, forecast Brent prices will rise to $83 by mid-2025 if Iran's oil supply drops amid ...
Goldman Sachs had forecast Brent oil to be $86 in December and $93 at the end of 2024. Now, the bank says it sees “two bullish risks” to its prediction. First, Goldman Sachs expects Saudi oil ...
Goldman Sachs' analysts are lowering their fourth quarter 2023 and first quarter 2024 GDP forecasts by 0.4 and 0.2 percentage points respectively, to +0.7% and +1.9%.
Goldman Sachs analysts are less bullish on oil heading into the second half of the year. The firm lowered its year-end price target on Brent to $86 per barrel, down from a prior forecast of $95 ...
Meanwhile, Goldman Sachs forecasts Brent will average $84 this year after a supply squeeze this summer. The firm's analysts forecast the international benchmark to average $82 in 2025.
Oil prices are expected to jump this summer on demand for transportation and cooling. Goldman Sachs analysts forecast Brent crude prices to rise to $86 per barrel, almost a 7% increase from ...
Goldman Sachs said it's still bullish on oil but slashed its price target on Brent crude to $100 a barrel from $125. Oil is poised for a weaker rally after 'investor exodus' on strong dollar and ...
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