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HomeOil and GasGoldman Sachs: Permian Production, OPEC Capacity Likely to Cap Brent at $75-90/bbl

Goldman Sachs: Permian Production, OPEC Capacity Likely to Cap Brent at $75-90/bbl

Goldman Sachs expects robust oil production growth in the Permian Basin, the largest U.S. oilfield, and high OPEC spare capacity to likely support the ceiling of their $75-90 per barrel Brent price forecast in the short run, the bank said in a research note on Tuesday.
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