(ICYMI on oil) – Goldman Sachs lowers forecast 2020 U.S. shale oil output growth

GS still expects shale output to grow, but not so quickly:
– shale oil production to grow by 0.7 m barrels /day in 2020
– previous 2020 forecast was 1 m bpd
– 2019 1.1 m bpd 
Supply growth from major oil producing non-OPEC regions, outside of shale