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
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.
Libya’s wealth fund to go head-to-head with Goldman Sachs
Libya's $67billion sovereign wealth fund is set to go head-to-head with Goldman Sachs this week in London's High Court amid claims the the US investment bank has been exploiting the fund.
Oil price jumps as supply shortens and surplus dries up
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
Goldman Sachs forecasts deficit amid increasing demand
Oil advanced as Goldman Sachs said the market moved into a deficit earlier than expected and China’s refineries processed crude at record rates.
Dong IPO may happen a year earlier than planned
The owners of Dong Energy, who include the Danish government and Goldman Sachs, may hold an initial public offering almost one year before a previously announced deadline, according to reports.
Goldman says $35 oil is Goldilocks price for US explorers
Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs.
Goldman Sachs says 40% of oil and gas loans are to junk firms
Goldman Sachs has said about 40% of its oil and gas loans and lending commitments are to junk-rated firms.
2016 – welcome to the year of the bear
Not even the pessimists on Wall Street thought things would go so wrong so fast in 2016.
Repsol said to mull sale of stake in BP’s Indonesian gas project
Repsol SA is considering selling its stake in Tangguh LNG, one of Indonesia’s largest liquefied natural gas projects, as Spain’s biggest oil company seeks to reduce debt, according to people familiar with the matter. Repsol’s 3.1 percent stake in the gas fields, operated by BP Plc, may fetch as much as $300 million in a sale, the people said, asking not to be identified as the deliberations are private.