You are here

Goldman ups oil price forecast as global supply flips to deficit

Canadian Prime Minister Justin Trudeau and and Fort McMurray fire chief Darby Allen visiting areas destroyed by wildfires that have caused unexpected oil outages


THE global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc had expected.

A decline in production driven by unexpected supply disruptions as well as sustained demand have led to a "sudden halt" to the market surplus, Goldman analysts including Damien...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to