Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
18 July 2025 | Oil

Lower prices slow US oil production growth — Goldman Sachs

Brent
WTI Light Crude Oil
Lower prices slow US oil production growth — Goldman Sachs

Goldman Sachs warns that the era of rapid US oil production growth is ending, citing both the maturing Permian Basin and declining crude prices. The bank expects US output to fall this year and next as domestic producers, highly sensitive to price changes, pull back.

Currently, WTI crude oil averages $65 per barrel. According to Goldman Sachs, this price level benefits consumers but barely exceeds producers' break-even point. This situation holds US production volumes at current levels.

Meanwhile, low national crude oil inventories are currently preventing prices from falling. However, experts at the firm note the persistent negative effect of the growing surplus in the global oil market.

The Energy Information Administration (EIA) reported on Wednesday that US crude oil inventories decreased by 3.9 million barrels in the week ending July 11.

Elena Berseneva MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 57.4K to 58.1K
16 January
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 544 to 543
16 January
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 409 to 410
16 January
United States. Cushing Crude Oil Inventories. The value of the indicator has increased from 0.728M to 0.745M
14 January
United States. Crude Oil Inventories. The value of the indicator has increased from -3.832M to 3.391M
14 January
Top news
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.2%
Today at 10:00 AM
European Union. Trade Balance. The value of the indicator has decreased from 17.9B to 9.9B
15 January
United States. Retail Sales (MoM). The value of the indicator has increased from -0.1% to 0.6%
14 January
United States. CPI (YoY). The value of the indicator remained at the same level of 2.7%
13 January
United States. Nonfarm Payrolls. The value of the indicator has decreased from 56K to 50K
9 January
All news

Forecasts

Gold buy
Period: 26.01.2026 Expectation: 10000 pips
Gold keeps climbing higher amid escalating geopolitical tensions
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 11:47 AM 28
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Brent sell
Period: 28.02.2026 Expectation: 460 pips
Brent crude selloff down to $65.90
FA Other Chart analysis
Today at 10:56 AM 18
Bruce_Powers
S&P 500 sell
Period: 30.01.2026 Expectation: 1000 pips
S&P 500’s exit from triangle may trigger correction down to 6,810
Hot news Chart analysis Indicators
Today at 10:33 AM 17
Tom_Kern
BTCUSD sell
Period: 28.02.2026 Expectation: 5600 pips
Selling BTCUSD on potential US tariff escalation
FA Other Chart analysis
Today at 10:17 AM 15
McCarthy_Raymond
Silver sell
Period: 26.01.2026 Expectation: 6060 pips
Escalating geopolitical tensions save silver from correction
FA Other Technical analysis Hot news Indicators Fundamental analysis
Today at 07:16 AM 22
Emily_Foster
Gold buy
Period: 31.03.2026 Expectation: 23000 pips
Holding on to gold for long term
FA Other Chart analysis
16 January 2026 97
McCarthy_Raymond
Go to forecasts