Take a sisi schreef op 12 augustus 2022 08:02:
Goldman Sach’s 12 augustus 12.30 am
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year, Goldman Sach’s Head of Energy Research Damien Courvalin told Bloomberg TV on Thursday.
“We think that’s the level at which we need to see sustained pricing to eventually solve the market deficit,” Courvalin told Bloomberg.
As for crude oil prices, Courvalin sees Brent climbing to $130 by the end of the year. “So we think Brent goes to $130 per barrel at the end of this year to reflect this need for sustained high prices.”
“We’re still in deficit. Despite growth slowing, prices still have work to do, and that’s higher from here.”
Goldman’s forecast assumes China’s demand for jet fuel and diesel only grows moderately from here until the end of 2023, pressured by its zero-Covid policy.
That scenario could shift, Courvalin points out. “If we’re talking half a million barrels per day of Chinese demand going back to its prior highs, just on our pricing model, that’s $15 upside per barrel to Brent prices.”
In the shorter term, Courvalin sees gasoline and diesel prices going up as refiners head into turnaround season due to the lack of a typical inventory buffer that is currently not present in the market.
As of the latest EIA data, total motor gasoline inventories in the United States were 6% below the five-year average for this time of year, while distillate fuel bys were 24% below the five-year average.
Zou zo maar kunnen gebeuren Iran deal wordt nog wel een te nemen hindernisje .
Echter China zou met een mogelijk op volle toeren draaiende economie of een zware winter de olieprijs zomaar de hogere groene regionen in kunnen sturen .