While no one knows the future of fuel prices, there is power in numbers. That’s why it’s helpful to aggregate forecasts together to gain a better understanding of what might happen. Today, we’ll explore bank forecasts from eleven different investing institutions, ranging from Goldman Sachs and Citi to Fitch Solutions and ANZ, to see what […]
Analysis by Alan Apthorp Fuel markets showed uneven trends this week, with crude oil rising early in the week and falling later. Diesel fuel, on the other hand, saw prices jump 50 cents from last week, before giving up almost 15 cents this morning. As always, volatility reigns supreme for the oil market. US […]
Oil prices climbed higher throughout the week, and one bank sees it as the start of a broader rally. Goldman Sachs is calling for crude oil prices to rise more than 10% over the next few months as oil demand climbs back to pre-COVID levels and interest rates remain low. In addition, the US’s relative […]
A rush of enthusiasm saw crude prices rocket well over $26/bbl, but the rally was short-lived, and the market closed slightly in the red. This morning, most products are posting in the black, though gasoline is lagging the market. Goldman Sachs recently forecast that demand could exceed supply by the end of May, thanks mainly […]
Crude prices are relatively flat this morning after yesterday’s large drop, the largest drop in almost seven weeks. Investors are trying to gauge the economic consequences of the quickly spreading coronavirus and whether it will become a global pandemic. Goldman Sachs says certain economic metrics appear at least 20% below what is normally seen this […]
Electric Vehicle Adoption Overshadowed by SUV Boom There are now 200 million SUVs on the roads globally, up from 35 million in 2010, according to data the International Energy Agency (IEA). In fact, 60 percent of the increase of the global vehicle fleet since 2010 came from SUVs. Click here to read more from OilPrice.com. […]
