Spare oil production capacity at the highest quartile in history is weighing on Brent crude prices, and time spreads have looked undervalued since the summer, according to Goldman Sachs. The expectations for a large surplus next year are also likely weighing on the deferred time spreads, the investment bank said in a recent note. “Nevertheless, we believe neither currently low inventory levels nor our expected 2025 surplus of 0.37mb/d warrant the oversupply priced in the futures curve,” the Wall Street bank’s analysts wrote. “Deferred…
Hence then, the article about goldman sachs huge spare capacity weighs on oil prices was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Goldman Sachs: Huge Spare Capacity Weighs on Oil Prices )