Goldman Sachs Pegs $20-40 as New Oil Order Range
After a decade-long “investment phase” that helped unleash the shale revolution, oil is seeking a new equilibrium between supply and demand. Jeff Currie, head of Commodities Research for Global Investment Research at Goldman Sachs, describes how the market has entered an “exploitation phase” that puts downward pressure on prices.
PUTTING SENSE TO AN INDUSTRY'S TRANSFORMATION
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