Goldman forecasts that Brent prices will need to average $135/bbl in 2H22-1H23 for inventories to finally normalize by late 2023, "the binding constraint to prices in our view."
Poster Comment:
SEE CHART.
Why Goldman Is Buying Every Barrel Of Oil It Can Find
| Source: | None |
| Published: | Jul 8, 2022 |
| Author: | Tyler Durden |
| Post Date: | 2022-07-08 18:25:02 by Horse |
| Views: | 289 |
#1: Horse To: All (#0)
Inside The Oil Market's Jekyll-And-Hyde Moment
"The physical market is pricing in scarcity, while the financial market is pricing in recession.”
Horse posted on 2022-07-08 18:28:03 Reply Private Reply