Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie says

United States News News

Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie says
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Oil not going back up to $80 levels, Goldman Sachs' Jeff Currie says

Oil won't be returning to the peak levels it saw last year when global benchmark Brent crude hit $86 a barrel, Goldman Sachs' top commodities analyst said Monday.

"Looking at oil more broadly — we've gotten back roughly 75% of that. We don't think you're going to get back to those $80 levels again, so you've got some modest upside here."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Clean energy and climate change are helping Big Oil, Goldman Sachs saysClean energy and climate change are helping Big Oil, Goldman Sachs saysThe push towards decarbonization is creating barriers to entry in the oil industry, making major oil players – known as 'Big Oils' -- more profitable, Goldman Sachs said.
Read more »

Iran says oil market supply/demand balance is fragileIran says oil market supply/demand balance is fragileThe balance between supply and demand in the oil market is fragile, Iranian Oil ...
Read more »

Oil prices mixed, Brent edges up toward $70 levelOil prices mixed, Brent edges up toward $70 levelOil prices were mixed on Thursday, with Brent edging higher toward the psycholog...
Read more »

Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fightingOil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fightingOil prices rose to their highest level since November 2018 on Monday, driven upw...
Read more »

Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctionsOil at five-month highs amid OPEC-led supply cuts, U.S. sanctionsOil prices rose to their highest level since Nov. 2018 on Monday, driven up by O...
Read more »

OPEC oil output hits four-year low on Saudi cuts, Venezuela blackoutsOPEC oil output hits four-year low on Saudi cuts, Venezuela blackoutsOPEC oil supply sank to a four-year low in March, a Reuters survey found, as top...
Read more »

Iran's Zanganeh: it should be easy to extend global oil dealIran's Zanganeh: it should be easy to extend global oil dealIran's Oil Minister Bijan Zanganeh said in Moscow that it should be straigh...
Read more »

Colombia's Ecopetrol to share three oil fields with Canada's ParexColombia's Ecopetrol to share three oil fields with Canada's ParexColombia's state-run oil company Ecopetrol will split its participation in ...
Read more »

Alberta crude inventories rise despite production curtailmentsAlberta crude inventories rise despite production curtailmentsThe amount of oil in storage in Alberta rose in February, monthly data shows, de...
Read more »



Render Time: 2025-02-24 15:34:59