Oil market needs price 'super spike' between us50-us80/bbl to rebalance fundamentals:Goldman Sachs

摘要

Are crude prices high enough? Not if your goal is to bring a balance back to the oil markets.So said Arjun Murti,Managing Director at Goldman Sachs,Mar 14 at the National Petrochemical & Refiners Association conference in San Francisco.The market needs a "super spike" of between us50-us80/bbl in order to reduce crude demand,and stimulate supply growth,Murti said.While us50-us80/bbl would not be a "normalized price," it would lead to a substantial cash flow into new production,he argued,which,together with a decrease in demand,would again lead to lower crude prices.