Goldman Sachs on oil:
- Brent is unlikely to sustainably overshoot USD 105/bbl in 2024, upper end of the USD 80-105/bbl OPEC sweet spot range
- Market may become very tight in a more distant future, although productivity and oil demand will also be critical
- Oil market which is now slightly tighter than usual is tightening further at moderate pace, but has significant spare capacity to handle near-term tightening shocks
