TSXV:GIII - Post Discussion
Post by
RedDevil14 on Oct 12, 2020 10:01am
Goldman : a Biden win a ‘positive catalyst’ for oil
- “We do not expect the upcoming U.S. elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst,” Goldman Sachs’ commodities team wrote.
- A Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.
- The bank expects tightness in U.S. oil and gas supply even as rig count in the shale-rich Permian Basin starts to creep upward for the first time since waves of closures began in March
https://www.cnbc.com/2020/10/12/goldman-says-biden-election-win-could-be-positive-for-oil-prices.html?__source=twitter#close
Be the first to comment on this post