US EditionGoldman Sachs: Risk in oil markets is skewed to the downside – Oil & Gas 360
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Goldman Sachs: Risk in oil markets is skewed to the downside – Oil & Gas 360
(Oil Price) – The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs. “While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside risk from potentially lower sanctioned supply remains too low,” Goldman Sachs analysts wro…
·Denver, United States
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