Oil Prices May Even Touch $40 Per Barrel Warn Experts

[Anonymous]

Assuming a “typical” US recession, plus baseline expectations for supply, Brent was seen at $58 a barrel this December, and $50 in the same month next year, the Goldman analysts said in the note, titled “How Low Could Oil Prices Go?”

"In a more extreme and less likely scenario with both a global GDP slowdown and a full unwind of OPEC+ cuts, which would discipline non-OPEC supply, we estimate that Brent would fall just under $40 a barrel in late 2026," analysts including Yulia Grigsby said in an April 7 note.

https://www.cnbctv18.com/market/commodities/can-crude-oil-prices-fall-to-levels-of-40-dollars-goldman-says-yes-19586244.htm

This is interesting and will reduce US oil production. Didn’t Trump want to increase oil production?

[Anonymous]

Cheap gas, just like 2020 that all the MAGAs point to believing it is a good thing that we are in a recession.

[Anonymous]

Oil company finance is based on the idea that any barrel drilled and sold is a barrel that cannot be sold in the future.
By expanding oil drilling availability, it reduces the future oil price and makes it more likely that oil companies will drill and sell now.

Democrats prefer to restrict oil drilling if not ban it outright.

[Anonymous]

Falling oil prices hurt Russia. BIGLY.

Please try and keep up, idiots.

[Anonymous]

Anonymous wrote:Cheap gas, just like 2020 that all the MAGAs point to believing it is a good thing that we are in a recession.

You should be happy then, because gas certainly is NOT cheap right now.

As you liked to say when Biden was president- “expensive fuel is a sign of a roaring economy”.

[Anonymous]

Anonymous wrote:

Assuming a “typical” US recession, plus baseline expectations for supply, Brent was seen at $58 a barrel this December, and $50 in the same month next year, the Goldman analysts said in the note, titled “How Low Could Oil Prices Go?”

"In a more extreme and less likely scenario with both a global GDP slowdown and a full unwind of OPEC+ cuts, which would discipline non-OPEC supply, we estimate that Brent would fall just under $40 a barrel in late 2026," analysts including Yulia Grigsby said in an April 7 note.

https://www.cnbctv18.com/market/commodities/can-crude-oil-prices-fall-to-levels-of-40-dollars-goldman-says-yes-19586244.htm

This is interesting and will reduce US oil production. Didn’t Trump want to increase oil production?

Yes, drill baby drill!

[Anonymous]

Anonymous wrote:Oil company finance is based on the idea that any barrel drilled and sold is a barrel that cannot be sold in the future.
By expanding oil drilling availability, it reduces the future oil price and makes it more likely that oil companies will drill and sell now.

Democrats prefer to restrict oil drilling if not ban it outright.

Wow you make no sense. Oh and by the way it is republicans who are all in on ending capitalism with Trump’s command economy. Trump will ordered the oil companies to drill more wells no matter the cost. So that oil can be shipped to Europe.

[Anonymous]

Anonymous wrote:Oil company finance is based on the idea that any barrel drilled and sold is a barrel that cannot be sold in the future.
By expanding oil drilling availability, it reduces the future oil price and makes it more likely that oil companies will drill and sell now.

Democrats prefer to restrict oil drilling if not ban it outright.

Lol. The hard economics of production cost mean the breakeven cost of a barrel of oil is $55-60.