You are here

Goldman sees 15 years of weak crude as US$20 US oil looms on glut

Friday, September 18, 2015 - 05:50

Calgary

A GLUT of crude may keep oil prices low for the next 15 years, according to Goldman Sachs Group Inc.

There's less than a 50 per cent chance that prices will drop to US$20 a barrel, most likely when refineries shut in October or March for maintenance, Jeffrey Currie, head of