Goldman Sachs Market Outlook: Oil Deficit Forecast and Gold Price Analysis (Jan 2017)

Goldman Sachs Market Outlook: Oil Deficit Forecast and Gold Price Analysis (Jan 2017) The document contains generic commodity market forecasts and macroeconomic commentary without any mention of specific individuals, transactions, or potential misconduct. It offers no actionable investigative leads related to powerful actors. Key insights: Predicts a small global oil deficit in 2017, the first since 2013.; Notes that US shale breakeven costs are tied to oil prices, limiting production rebound.; Highlights OPEC spare capacity depletion and Iran's return to pre‑sanction output levels.