| While it's likely to deepen the despair of Australia's oil minnows, the latest prediction that the oil price could fall as low as $US20 a barrel is sure to gladden the hearts of investment bankers, who are hoping to profit from more takeover activity in the embattled energy sector.
In a report released last week, Goldman Sachs analysts warn that oil prices "will be lower for even longer", and may need to fall as low as $US20 a barrel to clear the huge glut in global markets. "The oil market is even more oversupplied than we had expected," the report says...............................................Full Article: Source
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