Search Results for: oil

Brent Oil Price Forecast for 2021 Goldman Sachs is more bullish and boosts oil forecast for 2021. Image: Goldman Sachs Global Investment Research

WTI Crude Oil vs. S&P 500 Energy Index U.S. energy stocks continue to trade at low levels relative to crude oil prices. Image: Morgan Stanley Wealth Management

Valuation – Energy Sector Returns vs. Long-Term Oil Prices Is the energy sector a relative bargain? Is the energy sector a relative bargain? Goldman Sachs is still “underweight” energy stocks. Image: Goldman Sachs Global Investment Research

Oil Price vs. Global Trade Price Index Oil prices tend to drive prices for all traded goods. Image: Goldman Sachs Global Investment Research

Gold to Oil Ratio 1860-2020 The gold to oil ratio has reached the highest levels on record. Is oil a buying opportunity? Image: Goehring & Rozencwajg

Oil Demand under Business as Usual Scenario vs. Base Case Goldman Sachs predicts that global oil demand will not rebound to pre-coronavirus levels until 2022. Image: Goldman Sachs Global Investment Research

Crude Oil Forecasts Goldman Sachs expects oil prices to decline from current levels. Image: Goldman Sachs Global Investment Research

Oil Rig Counts and WTI Crude Oil Price (Leading Indicator) Oil price is impacting drilling activity. WTI crude oil price tends to lead oil rig counts by three months. Image: Nordea and Macrobond

Change in Global Oil Stocks Global oil inventory appear to have be peaking. Goldman Sachs forecasts that excess inventories will have peaked at 1,075 mb with a draw of 60 mb in June. Image: Goldman Sachs Global Investment Research

U.S. Inflation and Oil Prices The relationship between U.S inflation and oil prices suggests that U.S. inflation could fall further. Image: Jeroen Blokland

Oil Exporters vs. Importers and Brent Price This chart shows the good correlation between oil exporters vs. importers and the price of Brent. Image: Goldman Sachs Global Investment Research