Brent spot price to be $63 in 2020, - Goldman Sachs

In 2020, the average spot price of a barrel of Brent oil will be $ 63 - experts at the American Goldman Sachs bank forecast. This was reported on Sunday by Bloomberg, citing a report from a financial institution.

 

Goldman Sachs adjusted earlier estimates in light of the OPEC + decision to change the terms of the deal to reduce production for the first quarter. Starting January 1, they should remove 1.7 million barrels per day from the market. The purpose of the changes is to prevent imbalance in the market in conditions of low demand in the winter.

 

Earlier, bank analysts believed that the average spot price of a barrel of Brent oil would be $ 60 in 2020. The long-term forecast remained unchanged at $ 55 per barrel.

 

Goldman Sachs Group is one of the largest investment banks in the world, a financial conglomerate. Since September 20, 2013 it has been included in the Dow Jones Industrial Average. Since 2011, it has been one of the globally systemically important banks.

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