Post Tagged with: "Goldman Sachs"

Source: CNBC

Goldman Sachs says oil prices could be higher for much longer

CNBC


Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research.

Damien Courvalin, who is also a senior commodity strategist, said the market

Oil will climb to $90 by year-end: Goldman Sachs

Oil will climb to $90 by year-end: Goldman Sachs

Fox Business


Goldman Sachs Group Inc. raised its forecast for global crude oil prices to reach $90 per barrel by the end of this year, up from $80, due to supply disruptions in the Gulf of Mexico and signs of …

Source: Reuters

Goldman Sachs sees ‘upside’ to oil price forecasts from OPEC+ supply deal

Nasdaq


U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest “upside” to its summer forecast for Brent to reach $80 a barrel.

OPEC+, comprising the Organization of

Source: Reuters

Goldman sees Fed-driven dip in commodities as a ‘buying opportunity’

Reuters


Goldman Sachs said on Friday the recent slip in commodities prices driven by the U.S. Federal Reserve’s decision to bring forward projections for interest rate hikes into 2023 was a buying opportunity for investors.

“The bullish commodity thesis is …

Source: Reuters

Goldman sees oil hitting $80/bbl despite likely return of Iran supply

Reuters


Goldman Sachs said it expects oil prices to climb to $80 per barrel in the fourth quarter of this year, arguing that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply.

“The …

Goldman sees oil price pullback as buying opportunity

Goldman sees oil price pullback as buying opportunity

Reuters


Goldman Sachs sees the oil price pullback as a buying opportunity and forecasts Brent crude reaching $80 per barrel this summer even as the recent rally in prices “takes a big breather.”

Oil prices are set to drop about …

Source: Reuters

Tight oil market in first half could push crude to $65, says Goldman

Reuters


Oil prices could rise to $65 a barrel by July amid a tight oil market and slow rebound in demand, Goldman Sachs said.

The bank said in a note on Sunday data indicated a deficit of 2.3 million barrels …

Source: Reuters

Column: Goldman proclaims the dawn of a new commodity supercycle – Andy Home

Reuters


LONDON (Reuters) – Will COVID-19 kick-start a new commodities supercycle? Goldman Sachs thinks so.

While last year’s strong rebound in many commodity prices might be viewed as a “V-shaped vaccine recovery”, the bank contends it is just “the beginning …

January 5, 2021 - 3:00 pm Closing Bell Story‎, Commodity Pricing, Energy News, Finance
Source: Reuters

Higher OPEC+ output unlikely to upset oil market rebalancing – Goldman

Reuters


OPEC+ members’ decision to slowly ramp up production from next month will be balanced by increased demand as a result of the expected roll-out of coronavirus vaccines, Goldman Sachs said in a note dated Thursday.

The Organization of Petroleum …

Source: Reuters

Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals

CNBC


Drones have arrived on Wall Street.

Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise

November 25, 2020 - 2:30 pm Closing Bell Story‎, Finance
Source: Reuters

Goldman cuts 2021 Brent forecast as virus surge creates temporary headwind

Reuters


Goldman Sachs cut its 2021 Brent crude price forecast but said a surge in COVID-19 cases in Europe and the U.S. only represented a “speed bump” before a potential vaccine and continued supply cuts by top producers tightened market …

Source: CNBC

Goldman Sachs agrees to pay more than $2.9 billion to resolve probes into its 1MDB scandal

CNBC


Goldman Sachs agreed to pay more than $2.9 billion to regulators around the world, including a record penalty for violating a U.S. anti-corruption law, to resolve probes into its role in an international finance scandal.

The sum includes about …

October 22, 2020 - 3:30 pm Closing Bell Story‎, Finance, Regulatory
Source: CNBC

Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk

CNBC


Goldman Sachs is forecasting a bull market for commodities in 2021 based on its outlook for a weaker dollar, inflation, and the prospect of further economic and fiscal stimulus.

Analysts at the bank on Thursday predicted a 12-month return …

October 22, 2020 - 1:30 pm Closing Bell Story‎, Finance
Source; Reuters

Goldman says a Biden win could be a ‘positive catalyst’ for oil prices

CNBC


Despite a grim demand outlook for energy as the coronavirus pandemic continues to weigh down the global economy, Goldman Sachs remains bullish on both oil and gas prices — regardless of the U.S. presidential election outcome in November.

“We …

October 12, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Lloyd Blankfein sees `bubble elements’ in markets thanks to ‘free’ money

CNBC


Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds.

Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on CNBC’s “Squawk Box” that low interest rates …

October 8, 2020 - 3:00 pm Closing Bell Story‎, Finance, People
Source: CNBC

Goldman warns delayed election results this November similar to Bush-Gore could rock the market

CNBC


Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.

Goldman Sachs chief U.S. equity strategist David Kostin …

July 8, 2020 - 1:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers: sources

Reuters


HONG KONG/BEIJING – Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.…

July 8, 2020 - 10:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Oil demand to return to pre-pandemic levels by 2022, Goldman says, but unlikely to peak this decade

CNBC


Analysts at Goldman Sachs expect global oil demand to return to pre-pandemic levels by 2022, citing a pick-up in commuting, a shift to private transportation and higher infrastructure spending.

In a research note published Thursday, analysts at the U.S.

July 2, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Goldman traders gain $1 billion in commodities revenue after oil slump

Reuters


Goldman Sachs Group Inc (GS.N) commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse in oil prices, a source familiar with the group’s finances said …

Source: CNBC

Goldman Sachs says an oil price correction as deep as 20% ‘may already be underway’

CNBC


Goldman Sachs sees a correction in oil prices on the horizon even amid a significant recovery in the last month and the recent decision by OPEC and its allies to extend historically large production cuts through July.

“With oil …

Source: Reuters

Demand rise, output cuts could mean oil market balance in June

Reuters


LONDON  – Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and banks predict.

“Bullish sentiment continues to gather momentum as we move closer …

Source: Reuters

Sharp oil price pullback unlikely as demand improves: Goldman

Reuters


The risk of a sharp pull-back in oil prices has decreased as the rebalancing of the crude market gathers pace, Goldman Sachs said, aided by a gradual lifting of coronavirus lockdowns and a faster-than-expected fall in output.

The Wall-Street …

Source: CNBC

Goldman Sachs warns jet fuel demand may never fully recover from the crisis

CNBC


The coronavirus outbreak will have a lasting impact on the behavior of businesses across the globe, with jet fuel demand unlikely to ever fully recover, according to the head of commodities research at Goldman Sachs.

The Covid-19 pandemic …

May 11, 2020 - 1:00 pm Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil outlook for this year and next turning brighter: UBS

Reuters


UBS expects a pick-up in oil demand as virus-hit economies relax lockdowns and travel restrictions ease this month, with production to be subdued on the backdrop of current low prices and aggressive capital spending cuts by oil and gas …

Source: Reuters

Goldman Sachs says it remains bullish on oil prices in 2021

Reuters


Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive prices higher next year, Goldman Sachs Equity Research said in a note.

The Wall Street bank raised its 2021 …

Source: CNBC

Oil markets in ‘inflection phase’ after historic week of trade, Goldman Sachs says

CNBC


The widow-making collapse in oil prices came to a pause in Asia trade on Thursday, but analysts aren’t convinced that the worst sell-off in oil market history is over yet.

“We think that this is the inflection phase,” Goldman …

Source: CNBC

Oil prices could soon turn negative as the world runs out of places to store crude, analysts warn

CNBC


Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world’s most powerful crude producers start to ramp up their output.

The coronavirus pandemic …

Source: CNBC

Goldman on how the ‘largest economic shock of our lifetimes’ will permanently alter energy markets

CNBC


The coronavirus pandemic will likely be a “game-changer” for energy markets, according to analysts at Goldman Sachs, with carbon-based industries such as oil thought to be sitting “in the cross-hairs.”

A global health crisis has meant countries around …

Source: CNBC

Goldman slashes oil forecast, sees US crude at $22 per barrel

CNBC


Goldman Sachs slashed its oil forecast on Tuesday as the COVID-19 outbreak continues to pressure demand.

“Demand losses across the complex are now unprecedented,” Goldman’s global head of commodities research Jeffrey Currie wrote in a note to clients Tuesday. …

Source: Houston Chronicle

Goldman says oil rally likely shortlived unless supply disrupted

Houston Chronicle


A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc.

Price risks for Brent, which has …