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

Goldman predicts $80 oil as global inventories trend lower, despite new Iranian supply
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