Goldman Sachs sees lower oil prices in 2025-2026 ...Middle East

Goldman Sachs

says “oil production growth from non-OPEC ex Russia ex shale top projects will likely accelerate to 1MB/d over next two years”“wave of new natural gas projects in Saudi Arabia and Qatar may lift OPEC NGL production growth to a 0.2MB/d annual average over next two years”lower oil prices in 2025–2026 (i.e. a near-term surplus) may lead to an earlier and lower peak for US shale production This article was written by Eamonn Sheridan at www.forexlive.com.

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