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Goldman Sachs Slashes Oil Price Forecast to Below $60 in 2026

OilPrice

Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. tariffs announcement last week. benchmark, WTI Crude.

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OPEC+ Vows to Offset 4.57 Million Bpd Overproduction by June 2026

OilPrice

million barrels per day (bpd) in overproduction so far, and the compensation plans entail offsetting all above-quota output by June 2026. The eight OPEC+ countries that have been cutting oil production will have to compensate 4.57

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PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap

POWER Magazine

PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJMs capacity market pricing, agreeing to lower the grid operators auction price cap from over $500/MW-day to $325/MW-day. […] The post PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap appeared first on POWER (..)

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Rove to Build 20 EV Charging Centers in Southern California by 2026

NGT News

These are all things EV charging […] The post Rove to Build 20 EV Charging Centers in Southern California by 2026 appeared first on NGT News. Focused on fast, reliable charging, each Rove will host 40 direct-current fast chargers, making a full charge possible in as little as 15 minutes.

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2025-2026 Oil Market Outlook: An Update

Energy Outlook Advisors

Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export.

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U.S. Natural Gas Demand Set to Stay at Record High in 2025 and 2026

OilPrice

Data centers and liquefied natural gas exports are set to keep natural gas demand in the United States at a record high this year and next, energy executives said at CERAweek. Infrastructure shortages, however, could make growth problematic.

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Goldman Sachs Cuts Oil Price Outlook Once Again

OilPrice

Goldman Sachs has reduced its outlook for oil prices for the third time since the start of April, now expecting Brent crude to average $63 this year and $58 in 2026. The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported.

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