Goldman Sachs analysts have lowered Brent's oil price forecast to $ 30 a barrel in the second and third quarters of the year from the previously anticipated $ 47 and $ 53 a barrel amid the start of the oil price war.
It is also reported that the WTI price forecast for the second quarter was lowered from $ 42.5 to $ 29 per barrel, from $ 48.5 to $ 28 per barrel - in the third quarter, Interfax-Ukraine reports.
"The forecast for the oil market is even gloomier than in November 2014, when the price war began last time, as this time it has coincided with a marked decline in demand for oil caused by the coronavirus outbreak," analysts said.
It is worth noting that as of 9:45 a.m. March 9, the price of a barrel of Brent oil was $ 33.92.
As we reported earlier, the recent collapse in oil prices and the coronavirus epidemic have led to a sharp fall in the value of GDP warrants in Ukraine - by 9.2% and a rise in the yield of Eurobonds only by 1.1%. The relevant information was provided by Interfax-Ukraine.
On March 7, Riyadh reduced the price of oil that it sells to foreign markets by a maximum in the last 20 years: this was an attempt to induce oil refineries in Europe.
