Goldman Warns Oil May Rally to $120 on Ship Disruptions
Why now
Thesis: Refining tightness keeps fuel prices elevated, sustaining inflation
Catalyst to watch: Refinery outages or OPEC supply moves
Main risk: Demand destruction caps oil rally
Why it matters
Goldman's view that refining tightness keeps fuel prices elevated implies persistent energy-driven inflation, pressuring margins and rate-cut expectations.
Details
Samantha Dart, co-head of global commodities research at Goldman Sachs, says that gasoline and diesel prices can remain elevated into “the whole of next year” as tightness in refining capacity is not being resolved. She speaks on “Bloomberg Surveillance.” -------- More on Bloomberg Television and
Sources
- youtube · 2026-09-08 13:24 UTC