Goldman Hikes Oil Forecasts Again as Hormuz Shock Builds
•Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, joins Bloomberg Businessweek Daily to discuss his team's latest oil outlook.
•Struyven and his team upgraded Brent to $90/barrel by the fourth quarter, citing lower Persian Gulf production, and ongoing Strait of Hormuz disruption.
•They now assume a normalization in Gulf exports by the end of June (vs.
هذا الخبر من Bloomberg. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, joins Bloomberg Businessweek Daily to discuss his team's latest oil outlook. Struyven and his team upgraded Brent to $90/barrel by the fourth quarter, citing lower Persian Gulf production, and ongoing Strait of Hormuz disruption. They now assume a normalization in Gulf exports by the end of June (vs. a prior forecast of mid-May) and see a slower recovery for Gulf production. However, a global recession is not in the team's base case unless the strait remains mostly closed in a "severely adverse" scenario. Struyven speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)المصدر: Bloomberg | Source: Bloomberg
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