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Main » 2015 » October » 26 » Oil prices fall again - Goldman Sachs
Oil prices fall again - Goldman Sachs

Goldman Sachs believes that oil prices may fall sharply because of falling demand from refiners. To a sharp decline in oil prices could result in a shortage of space in the storage of petroleum products.



From our perspective, the price of black gold will soon rise than fall. Fed rate increase will be slower and smoother than the market expected. Confirming this, we will probably see already this week. The fight against terrorism is likely to hit the gray oil exports LIH. The military operation in Russia and other countries also support the demand for petroleum products. But the main thing else - the current level of oil prices hurts the US oil industry. The following year, the United States is likely to lose the OPEC price war. Once the desired result is achieved, reduce OPEC quotas and, most importantly, begin to implement them. We are not very surprised if in the next year the price of oil will reach $ 100. However, due to the current system of taxation from that, above all, benefit the budget and financial sector, and not the shareholders of oil companies.


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