Goldman Sachs on Sunday forecast a slightly larger oil surplus in 2026, as increased supply from the Americas outweighs the expected loss from Russian supply and increased global demand.
The US investment bank maintained its average Brent/WTI price forecast for 2025 unchanged, predicting an average price of $56-$52 per barrel in 2026.
"The risks to our 2025 and 2026 price forecasts are mixed, but slightly upward," it said
-255*160.webp)
The euro rose on Tuesday against a basket of global currencies, extending its gains for the third co...
Read More
A new review of the US labor market over the past year is scheduled to be released on Tuesday, with...
Read More
French industrial production fell 1.1% in July, reversing most of the 3.7% increase recorded in June...
Read More
Petrochemical industry executives told a conference in Singapore that US tariffs are putting increas...
Read More
