Big Oils:Assessing Big Oils cash returns in a lower oil price environment;Screening for resilience
Goldman Sachs·2024-08-12 16:01

8 August 2024 | 5:49PM CEST _ Big Oils Assessing Big Oils cash returns in a lower oil price environment; Screening for resilience Brent spot oil prices are down 5% over the past week, and the 2025 Brent futures curve has fallen below the 75floorofthisyearstradingrangeandourcommodityanalysts75 floor of this year's trading range and our commodity analysts' 75-90 range. While we still believe our $80/bbl oil price forecast for 2025 will withstand macro headwinds, given the consistent OPEC+ support of this oil price level over the past two years, we have attemp ...