23 days ago • Posted by Jasper Lawler
Goldman predicts $80 oil as global inventories trend lower, despite new Iranian supply
On supply, Goldman is lowering its non-OPEC+ production forecasts to account for still depressed activity levels and a slower expected rebound from shale. Given the current global deficit of 1.8 mb/d in 2Q21, Goldman believes that this demand impulse will not only absorb remaining excess inventories and a potential July ramp-up in Iran supply...
Source: Goldman Sachs / ZeroHedge