Goldman Sachs lowers gjennomsnittestimatet for WTI-oil, in 4. quarter significantly.
The new prisestimatet sounds according to CNBC on 43 per barrel against the previous $ 50.
- Greater overproduction
- We have 3. quarter of seen surprises on the upside in production and greater clarity in the new projects towards the end of the year. After this, we expect a global tilbudsoverskudd of 400,000 barrels per day in 4. quarter, against the previous 300,000 barrels, type storbankens analysis supervisor for raw materials, Damien Courvalin in a note Tuesday.
the Estimate assumes according to the website a limited increase in production in Libya and Nigeria.
Goldman Sachs believes a potential agreement between the OPEC members can provide support to oil prices in the short term, but at the same time that the potential for fewer tilbudsforstyrrelser helps to ensure that the risk is on the downside of the year.
- most Importantly, and given the uncertainty around the supply and etterspørselsbalansen forward, we repeat our view that oil prices need to reflect the fundamental conditions in the short term – that is weaker, with less weight on the more uncertain, the fundamental relationship in the longer term, it is called the furthermore, according to CNBC.
Talk oil prices down
Storbanken characterize the outcome of this week’s informal talks between the OPEC and Russia at the International Energy Forum in Algeria as unsafe.
Saudi Arabia’s energy minister stated to the press earlier today that the meetings in Algeria only have an advisory role, while the iranian energy minister also said that this week is not the time to take decisions.
the Statements have weakened the faith of a deal produksjonskutt or -freeze this week, and oil prices react therefore.
Brent november oil falling 2.8 per cent to 46,05 dollars a barrel, while the american WTI-oil pulls down 2.7 per cent to 44,70 dollars a barrel.
No comments:
Post a Comment