Goldman cuts Brent forecast to $55/bl by 202

摘要

Goldman Sachs cut its long-term price outlook on Brent crude as break-even costs for US shale output fall, allowing un conventional producers to sustain operations at much lower prices. Goldman expects Brent to average $55/bl in 2020 from $65/bl in 2016-18, it said in a 15 May report. US shale breakeven costs have fallen by $20/bl in a year, to $60/bl, and “this flattens and lowers the oil cost curve.”