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Video · ▼ Bearish · 1 source confirmed · 2026-09-08 13:24 UTC

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

Related assets & topics

Goldman Sachs · GSWTI Crude Oil · CL=FOil

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