Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

Goldman Sachs: Oil prices will remain at $50-60/bbl through 2020

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/05/2016 (14:27)
According to media reports, Goldman Sachs expects crude oil prices to hold around the $50-60/barrel threshold through 2020 due to improved shale oil productivity and increased oil supply from OPEC. According to the bank, increased shale gas productivity through 2020 will push the average breakeven price for shale oil plays below $50/barrel on the NYMEX.

For 2016, Goldman Sachs expects WTI oil prices to average $45/barrel compared with its earlier estimates of $38/barrel while the bank cut its forecasts for 2017 to $53/barrel a barrel from its earlier estimate of $58/barrel.
Free Trial
Member Login