Brent near $64 with Goldman Sachs predicting more gains
Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas, with Goldman Sachs Group Inc. predicting prices will advance into the $70s in coming months.
GOldman Sachs
Will Covid-19 kill the oil industry?
As Coronavirus lockdowns continue to spread around the world, the oil industry faces more disruption to demand and supply chains, with many margins and prices already collapsing.
“Holy rain” bribes secured Ghana work, SEC alleges
The US Securities and Exchange Commission (SEC) has charged a former Goldman Sachs official with paying bribes in Ghana in order to win work on the construction of a power plant, for a Turkish company.
Update: Oil surges as producers eye 10m barrel a day output cut
Oil jumped more than 11% in London as OPEC+ scheduled an urgent meeting next week to try and stem the crude market’s rout, with an output cut of 10 million barrels a day of global production being discussed.
Oil’s apocalyptic April could reverberate for years to come
Oil is entering a period of unparalleled demand destruction this month that promises to transform the industry for years to come.
Goldman Sachs sees Coronavirus as largest commodity demand shock since 2008
The world is facing the biggest commodity demand shock since the global financial crisis as the coronavirus outbreak that’s already rocked Asia spreads to the U.S. and Europe, according to Goldman Sachs Group Inc.
At London’s oil week, clues about demand will be all around
Oil traders are gathering in London for what’s normally a week of lavish parties, dealmaking and market chatter. China’s coronavirus means this year’s events will be more subdued – and fewer in number – than usual. The talk will be about absent friends and uncertain demand.
Goldman Sachs curbs new lending on coal and Arctic oil
Goldman Sachs Group Inc. has tightened its policy on fossil fuel financing in a move welcomed by environmental groups, just as global talks on climate change faltered in Madrid over the weekend.
Oil near 12-week high after Saudis surprise with output curbs
Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
Goldman Sachs says OPEC ‘shock and awe’ to drive oil higher
Goldman Sachs Group is doubling down on its bullish outlook for oil.
Goldman cuts oil price forecasts, citing US shale resilience
Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus of oil and resilient U.S. shale production.
Goldman Sachs pours cold water on $100 oil talk
Oil at $100? Not so fast, says Goldman Sachs.
Goldman Sachs chides hedge funds by making case for buying oil
Money managers who are reducing their bullish bets on oil are following a “dangerous” strategy, according to Goldman Sachs Group Inc.
Oil rides best rally since July on speculation tensions as Goldman says buy
Oil headed for the biggest weekly advance in more than eight months on speculation tensions in the Middle East may lead to supply disruptions, reinforcing a buy call on commodities by Goldman Sachs Group Inc.
Goldman says oil to surpass $80 with market likely balanced
Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced.
Goldman Sachs forecast crude prices ‘likely to exceed’ expectation
Crude oil prices are likely to exceed forecasts as early 2018 progresses due to increased demand and strong adherence to production cuts, say Goldman Sachs.
Goldman says big oil poised for best year in decades
Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc.
Goldman warns oil bulls beware as uncertainty grips OPEC meeting
OPEC’s in a quagmire, foreshadowing disappointment for oil bulls counting on the group and its allies extending output curbs by nine months, according to Goldman Sachs Group Inc.
JP Morgan chases renewable energy rewards
JP Morgan Chase is entering into the renewables market in an attempt to offset its own power usage.
How Goldman’s commodities profit engine started to sputter
The commodities supercycle was over, investors were losing interest and regulators were clamping down on risky trading. Most banks were retreating from commodities, but not Goldman Sachs Group Inc.
Goldman says ‘no evidence’ to justify oil market sell-off
Goldman Sachs Group Inc. says there’s no fundamental evidence in the oil market to justify this week’s selloff in prices.
US border tax could lower global gas, coal prices, Goldman says
A proposed U.S. border-adjustment tax would make fuels that provide half the world’s energy cheaper -- for everyone except Americans.
Most experts put the average Brent price in 2017 in the $50-60 per barrel range
A new poll of oil market experts has found they expect the price of a barrel of Brent crude to gradually rise towards $60 per barrel by the end of 2017, from an average of about $45 this year.
Goldman says scope for OPEC deal makes oil short-term buy
Goldman Sachs Group Inc. raised its oil-price forecast for early next year, while Russia, Iran and Iraq separately signaled optimism that producer nations will be able to reach a deal to limit output at OPEC’s next meeting on Nov. 30.
OPEC oil output freeze self-defeating, Goldman Sachs says
OPEC and some producers from outside the group may agree to freeze output during informal talks next month, which could prove “self-defeating” because it would benefit other suppliers, according to Goldman Sachs Group.