Goldman says $100 oil possible as record demand outpaces supply

Bloomberg2021-12-17

Collapse in upstream investments seen; bank’s base case at $85 Record gasoline, diesel, plastic use to be smashed in 2022/23 Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are ...

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Comments

andrew123
2021-12-17
andrew123
If oil goes up $100, will kep corp, sem marine goes up as well?
Kenjing
2021-12-17
Kenjing
Nice
robot1234
2021-12-17
robot1234
Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand, according to Goldman Sachs. Better to take it with a pinch of salt
AhGong
2021-12-17
AhGong
ok
- AhGong:
  11
- AhGong:
  9
- AhGong:
  7
- AhGong:
  10
- AhGong:
  13
Benly8
2021-12-17
Benly8
Goldman very bullish on oil
- SiewLooiWan:
  sure
SC2021
2021-12-17
SC2021
Goldman

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bank’s base case at $85\nRecord gasoline, diesel, plastic use to be smashed in 2022/23\n\nOil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand, according to Goldman Sachs.\nWhile the bank's base forecast is for Brent to stay around US$85 next year and 2023, it could breach triple digits through either higher cost inflation for drillers, or if an unexpected supply shortfall forces prices to spike high enough to destroy demand, said Damien Courvalin, head of energy research.\nThe upside risks underscore why Goldman remains bullish on oil even after prices have rallied more than 40 per cent this year. 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Better to take it with a pinch of 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