{"id":394782,"date":"2021-01-12T11:29:53","date_gmt":"2021-01-12T05:59:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394782"},"modified":"2021-01-12T12:49:27","modified_gmt":"2021-01-12T07:19:27","slug":"goldman-expects-brent-oil-prices-to-reach-65-bbl-in-summer-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-expects-brent-oil-prices-to-reach-65-bbl-in-summer-2021\/","title":{"rendered":"Goldman expects Brent oil prices to reach $65\/bbl in summer 2021"},"content":{"rendered":"<p>Brent oil NSE 0.48 % prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to the Democrats in the United States.<\/p>\n<p>The Wall Street investment bank had previously predicted oil would hit $65 by year-end.<\/p>\n<p>The Democrat-led sweep of the U.S. Senate runoff elections and Saudi Arabia&#8217;s recent announcement of unilateral production cuts have left commodity markets with a &#8220;tighter&#8221; medium-term outlook, analysts at the bank said in a note.<\/p>\n<p>Last week, the bank said Saudi Arabia&#8217;s pledge to cut its output by more than required under its pact with other OPEC+ producers points to weakening oil demand following new COVID-19 lockdowns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil NSE 0.48 % prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to the Democrats in the United States. The Wall Street investment bank had previously predicted oil would hit $65 by year-end. The Democrat-led sweep of the U.S. Senate runoff elections and Saudi Arabia&#8217;s recent announcement of unilateral production cuts have left commodity markets with a &#8220;tighter&#8221; medium-term outlook, analysts at the bank said in a note. Last week, the bank said Saudi Arabia&#8217;s pledge to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-394782","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=394782"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394782\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}