In economic news:

Goldman Sachs Group Inc. stated that it underestimated the global supply glut of crude and revised its forecast to account for the possibility of $20 per barrel prices. Goldman Sachs explained that this is not its “base case scenario,” but that it could take prices that low to clear the oversupply, and that generally low prices are likely to persist in 2016. The International Energy Agency predicted that crude stockpiles will diminish in the second half of next year as supply outside OPEC declines by the most since 1992.

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