weekend. Goldman said it has raised its Brent oil price forecast from.5/b to 59/b in the second quarter of next year and expects Brent to average.4/b in 2017,.4/b increase from previous estimates. The investment bank now sees Brent, the international benchmark for oil, averaging 75 a barrel over the next three months, up from its previous target. Covering areas such as economics, portfolio strategy, derivatives and equity and credit securities in more than 25 stock markets and 50 economies and regions around the world, our research reports help investors better understand the issues and trends that affect companies, industries and markets. Goldman warned Friday that returning crude volumes from Libya and Nigeria in addition to greater dollar strength could also limit the near-term upside for oil prices. The prices will rise.30 in 3Q16. Receive daily email alerts, subscriber notes personalize your experience. Bank of America and Barclays on Monday also maintained their oil price forecasts citing concerns over compliance and the potential for a rebound in US tight oil production in the second half of the year. The process of injecting water, sand and chemicals into wells to free oil and gas from shale rock formations has fueled a boom.S.
Goldman Sachs Forecast: Crude Oil to Cross 80 Financial
Goldman Sachs raises 2017 oil price forecast on compliance
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Energy Information Administration) released its steo (Short-Term Energy Outlook) report on May 10, 2016. Opec and non-opec production cuts which it estimates at a total.6 million b/d. The bank also warns that a bottleneck is forming in the oil services sector, particularly for the crews and equipment that perform hydraulic fracturing. Crude Oil Prices Hit a Fresh 2016 High: What's Next? Keith Wood Stone Getty Images, goldman Sachs on Thursday raised its 2018 oil price forecasts, projecting that Brent crude will soon top 80, fueled by blockbuster oil demand, a deal among big producers to limit output and.S.