Oil: Outlook remains constructive for 2021 – Goldman Sachs
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Analysts at Goldman Sachs maintain their Brent price-forecast for the year-end while projecting a constructive outlook for the next year, in their latest client note.
Key quotes
“Oil inventories globally should drawdown in September.”
“Market deficit of 3m b/d likely in Q4.”
“Our constructive 2021 view remains intact.”
“Year-end Brent forecast remains at $49/bbl.”
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