Goldman cuts near-term US fuel forecasts, stays bullish on 2026 outlook
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Goldman Sachs lowered its November/December 2025 US fuel value forecast to $four.00/MMBtu from $four.50.
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It reduce its September/October 2025 forecast by $zero.55 to $three.35/MMBtu.
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Goldman maintained its 2026 US fuel value forecast at $four.60/MMBtu, nicely above forwards at $three.81.
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The financial institution continues to suggest a protracted April 2026 US fuel place.
Goldman’s revisions replicate softer near-term demand expectations however a constructive medium-term supply-demand outlook
This text was written by Arno V Venter at investinglive.com.
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