Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices.
“We still look for range-bound …
(Bloomberg) — Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage its IPO in Riyadh, seeking to join a steady stream …
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Damien Courvalin, the investment bank’s head of energy research, also said Friday that oil at $100 per barrel was a possibility.
Oil demand was …
Goldman Sachs said on Tuesday the collapse of OPEC+’s oil output talks have introduced uncertainty into the group’s production path, while maintaining its view of $80 a barrel Brent price for this summer and gradual increase in output early …
Goldman Sachs Commodities Research said more oil production is needed from the Organization of the Petroleum Exporting Countries and allies (OPEC+) to balance the market by 2022 as supply risk looms elsewhere.
The U.S. bank forecast oil demand to …
The future of the oil market may resemble the past — specifically the 1990s — according to Goldman Sachs Group Inc.
That’s when prices remained steadily in backwardation, a market structure where near-term futures are costlier than later …
From Bloomberg
Goldman Sachs Group Inc. predicts oil prices will retain their strength, at least through …
