Post Tagged with: "Goldman Sachs"

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 …

Source: Houston Chronicle

Goldman Sachs to invest $750 billion in clean energy, ‘sustainable’ industries

Houston Chronicle


WASHINGTON – The investment bank Goldman Sachs is committing to make available $750 billion over the next decade to invest in and finance cleaning up the energy industry, along with making farming more sustainable and reducing poverty, the …

December 16, 2019 - 3:00 pm Capital Markets, Closing Bell Story‎, Energy News, ESG
Source: Reuters

Goldman Sachs raises 12-month commodity returns forecast

Reuters


Goldman Sachs on Monday raised its 12-month commodity returns forecast by 3% to 6.4% citing an improved outlook for oil after an OPEC-led agreement to curb output further as well as agriculture sector supply concerns.

“Policy clarity” after the …

December 16, 2019 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Goldman expects an ‘uneventful’ three-month OPEC output cut extension

Reuters


Goldman Sachs said on Monday the Organization of the Petroleum Exporting Countries (OPEC) and its allies will likely extend its current output curbs through June, but expects the “uneventful” three-month extension to provide little support to prices.

OPEC and …

December 3, 2019 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision and Financial Close for Calcasieu Pass LNG...

Source: Venture Global LNG

Venture Global Closes on Project Financing for Calcasieu Pass LNG

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proceeds from Venture Global’s debt and equity financing will fully fund the construction and commissioning of its Calcasieu Pass LNG facility
Venture Global LNG Inc., headquartered in Arlington, Virginia, has closed

Source: Boor Drilling

Borr Drilling Goes Public

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling Limited launches IPO of five million common shares
Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has launched an initial public offering (IPO) in the

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

From CNBC


Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs.

Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas …

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

From Bloomberg


Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North …

Source: Intervale Capital

New Principal at Intervale Capital

By Tyler Losier, Energy Reporter, Oil & Gas 360

Patrick Conroy promoted to principal
Intervale Capital, a private equity firm dealing mainly in the energy industry and the infrastructure products and services sector, has promoted Patrick Conroy to principal, effective

Source: Canadian Natural Resources

Devon Energy Sells Canada for $2.8 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Devon looks to focus on oil-based growth in U.S., departs Canada
Canadian Natural Resources Limited (stock ticker: CNQ) inked a deal this Wednesday to acquire Devon Energy Corp.’s (stock ticker: DVN)

China – Growth Steady as She Goes: Goldman Sachs

China – Growth Steady as She Goes: Goldman Sachs

Broad support, targeted tightening and effective capital controls will help manage trade headwinds

From Asia Times

Goldman Sachs Asia-Pacific economist Andrew Tilton sees only a modest decline in China’s economic growth during the next year.

“Chinese policy combines broad support …

October 30, 2018 - 5:05 am China, Closing Bell Story‎