Tag Archives: Goldman Sachs Bank

The outbreak of a deadly coronavirus that’s spread from China to the world is likely to impact oil markets globally.

Oil prices had peaked to their highest levels since the assault on two Saudi Arabian production facilities last September.

The bank still expects declining prices into 2020 due to better supplied markets next year.

Now prices are higher than they were in January.

A surge in OPEC production in late 2018 means the market started this year better supplied than the last.

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.

The oil market could tip into a shortage in the 2020s because ``nobody is allowed to fully invest in future oil production.

The oil market could tip into a shortage in the 2020s because nobody is allowed to fully invest in future oil production.

The most crucial difference between Goldman and some other forecasters is the confidence in emerging market demand.

Saudi Arabia has been raising its production faster than many expected.