BRIEF-Goldman Sachs Estimates Pipeline Capacity Will Rise By Additional 3.8Mb/D By End-2027
Goldman Sachs Group, Inc.
Goldman Sachs Group, Inc. GS | 0.00 |
July 13 (Reuters) - GOLDMAN SACHS:
ON OIL, ESTIMATES EFFECTIVE PIPELINE CAPACITY WILL RISE BY AN ADDITIONAL 3.8MB/D BY END-2027 AND 7.3MB/D CUMULATIVELY BY END-2028
SAYS RECENT ATTACKS HIGHLIGHT HOW UNCERTAIN GULF EXPORTS REMAIN AND SERIOUS RE-ESCALATION COULD RE-INTENSIFY SHORT RUN UPSIDE RISK TO OIL PRICES
SAYS EVENTUAL EXPANSION OF PIPELINE CAPACITY BYPASSING HORMUZ POSES DOWNSIDE RISK TO LONG-DATED PRICE ASSUMPTION OF $76/BBL
