Goldman Sachs12 May 2026 18:16
Expects oil prices to stabilize around $90 towards the end of the year, another bank finally realizing that this conflict could last through 2026, imo i can see oil prices rising to $120 in the next few weeks,
since the war 1Billion barrels have been lost to world markets, oil reserves around the world have drastically been reduced, it could take over 12 months for the oil price to retreat back to were it was prior to the war starting.
if JSE can increase hedges around $90 could be a good move, right now, either way i cant see oil prices dropping back below $80 in 2026.
cash flow positive in excess of $200-$300 million is easily within JSE reach by year end , imo with a return to dividends in early 2027
with JSE oil picking up the extra premium prices over the coming months it could mean $130 in receipts to JSE , the demand for oil in asia is growing now that there are virtually no oil cargo ships leaving the straights of Hormuz