Oil in 2017 - Demand Drives a Positive Outlook: Goldman Sachs' Jeff Currie

Higher demand is at the heart of Goldman Sachs Research’s positive commodity outlook for 2017. “When commodity demand is above commodity supply, deficits result, inventories are drawn down and scarcity premiums begin to arise—and that’s what’s driving our bullish expectations,” says Jeff Currie, head of Commodities Research for the firm. He expects oil will trade marginally higher as inventories normalize but remain bounded by low-cost shale production that’s defined the New Oil Order.


Suggested Articles

This HK-listed firm deems a portion of its assets as held-for-sale to hide its billions of debt, said an accounting research company

Delay in government budget approval was a major reason for the slowdown in Q1

This article takes a look at which looming dangers have the combined potential to upend the economy in 2020, what CFOs should consider doing now to prepare…