Goldman Slashes Oil Price Forecast By $10
By ZeroHedge - Feb 14, 2020, 3:00 PM CST
Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China's economy due to the Covid-19, moments ago Goldman has doubled down on its bearish oil take and has cut its oil price target by $10 to $53 in Q1 through the end of the year, as a result of what it now estimates is a loss of as much as 4 million barrels per day out of China.
3 replies (most recent on top)
Did you contribute to a pension scheme? Did anyone explain how it works? Do you understand how the state pension works?
What a total bxll end
The down turn is just starting all over again, Aberdeen is already so far down the shutter house prices are gone, no work , oil industry in ruins , pay offs monthly and job cuts at 75 dollars a barrel .
They now think it's going to be about this price till 2021 how many more thousands will get paid off, how many more cuts to pay and pensions.
Yes who cares indeed
Baker has no work as it is.
hey who cares numnut the lower the price the better.