Damien Courvalin

Goldman Sachs said in a research note released on Tuesday that the oil supply-demand balance is weaker than previously expected. The deduction is based on upside surprises to the third quarter production and greater clarity on new project delivery into the year-end. At last check, the WTI grade of...

Analysts at Goldman Sachs, led by Damien Courvalin, previously forecast the global oil market to be characterized in the fourth quarter by a 300,000 barrel per day draw. On Tuesday, the analyst revised his forecast from a 300,000 barrel a day shortfall to now a 400,000 barrel per day surplus....

U.S. rig counts rose again for the third consecutive week last week, and Goldman Sachs analyst Damien Courvalin has updated the firm’s projections for oil production. Total rig count climbed by nine rigs last week, including seven additional vertical rigs and one additional horizontal rig....

The re-balancing of the global oil market has been a volatile and unpredictable process, and Goldman Sachs analyst Damien Courvalin believes the market still has a long way to go. According to Courvalin, Goldman is now anticipating a more gradual decline in inventories in the second half of 2016...

Wall Street isn't surprised at the lack of weekend deal in Doha that would have froze oil production at January levels. However, the Street views the lack of deal is a bearish sign for oil and could make the prices further volatile. Oil prices have been rallying in the recent past, in part...

Goldman Sachs analyst Damien Courvalin commented in a note that the possibility of $20 oil is "becoming greater." Courvalin's base case estimates for one, three, six, and 12 months oil forecasts (per barrel) are $38, $42, $40 and $45. Recent decline in oil prices have been...

Goldman Sachs analysts Jeffrey Currie and Damien Courvalin issued a report on the "new oil order" Monday and forecasted that prices will remain low. The analysts noted that “supply rises more quickly than it falls in response to investment. As a result, the short-cycle nature of...