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August 29, 2017

Arbiterz profiles Nigerians creating livelihoods and building businesses and analyses the economic and political ideas that shape the opportunities and constraints they encounter. "Key to the resilience of spot prices, despite stalling inventory draws this summer, has been the steady rally in long-dated prices," Goldman Sachs said in a note dated August 30. Snapchat's parent company Snap Inc. will surge 45% as its product developments drive faster than expected revenue growth, Goldman Sachs said in a note on Monday. Chart: Yahoo Finance. Many factors are cited as responsible for the strong demand, such as energy transition spending, stockpiling, or a weak dollar. (Business Insider) Goldman Sachs expects the oil market to gain momentum in 2021 as the coronavirus-induced slump in demand is mitigated by the "rising likelihood of widely available vaccines" next spring. Goldman Sachs expects the oil market to gain momentum in 2021 as the coronavirus-induced slump in demand is mitigated by the "rising likelihood of widely available vaccines" next spring. Goldman forecast Brent prices to rally to $65 per barrel by the third quarter of 2021 and average $59.40 for the year. Made In NYC | Global infections have passed the 50 million mark on the back of a surge in cases, mostly in the United States and across Europe. share . Goldman Sachs also updated its forecast of $51.38 per barrel for West Texas Intermediate to $55.88 per barrel by the end of next year. Stock quotes by finanzen.net. Author: Eamonn Sheridan | Category: News. Goldman Sachs said it has identified a turning point in the oil and gas investment and production cycle that is arriving seven years after the 2014 oil-price … The Saudi output cuts would, however, support prices in the coming weeks, the bank said, as it maintained its year-end Brent forecast of $65 a barrel. 08:30a: MONDELEZ, CHINA MOBILE, MICRON: What to Watch When the Stock Market Opens Today: DJ. On Monday, both contracts jumped 8% in their biggest daily gains in over five months as global markets reacted positively to the Pfizer news, comments from the Saudi official, and Joe Biden’s electoral victory. Goldman Sachs on Monday lowered its 2021 price forecast for international benchmark Brent Crude, after earlier projecting a bullish outlook for the oil market, as renewed coronavirus outbreaks and lockdowns weigh on demand. In a research note published last Friday, Goldman Sachs analysts, contending that oil fundamentals have improved in recent weeks, argued that WTI could be set to rise further over the coming month. Many factors are cited as responsible for the strong demand, such as energy transition spending, stockpiling, or a weak dollar. After then, prices will return to $65 per barrel from the autumn of 2021 to early 2022, the bank said in a note cited by Reuters. The Goldman Sachs analysts said that the drivers of gold next year, investors should continue to watch real bond yields, which includes inflation. Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33%, saying the market is now likely balanced. Goldman Sachs said, however, that risks surrounding its 2021 price outlook of $52.50 per barrel for Brent were "skewed squarely to the upside", since the "violent market rebalancing" will be followed by a sharp rebound once demand picks up again. Analysts expect benchmark Brent crude futures to rally to … These supply and demand assumptions lead Goldman to expect a global oil market in surplus in 1H20, with a global cumulative inventory build of 180 mb, four times its pre-virus forecast. Mon 30 Nov 2020 04:19:46 GMT. A drop in real five-year yields will continue to support gold. If Goldman Sachs strategists are right, the coronavirus will probably wreak havoc on the bottom lines of major oil producers in the first half of 2020 due to the plunge in crude prices. On the outcome of the U.S. election and oil market outlook, Goldman notes that the result would not stop prices from rising, given that a Biden administration “will be able to introduce stricter environmental regulations leading to a structural rise in shale costs.”. Goldman revised its demand forecasts for January and February to 92.5 million barrels a day from 93.5 million in December. Disclaimer | In this episode of Talks at GS, Sharmin Mossavar-Rahmani discusses phasing in the reopening of the economy and managing risks of additional waves with a … Goldman Sachs says an oil price correction as deep as 20% 'may already be underway' Published Tue, Jun 9 2020 12:00 PM EDT Updated Tue, Jun 9 … Reuters. This week it receives a bullish boost from Goldman Sachs that forecasts that the demand for oil will skyrocket to 102 million bpd in 2022, exceeding pre-pandemic levels. Goldman Sachs has a "target" price for oil of $65/b for the end of 2021 and is forecasting rapid demand recovery, with global demand set to reach 102.5 million b/d in 2022, he said, up from the International Energy Agency's estimate that oil demand in 2019 was at 100.1 million b/d. 08:20a: STREET COLOR: PPG to Acquire Coatings Manufacturer VersaFlex; Terms Undisclosed: MT. Goldman Sachs expects Brent prices to rally in 2021, bolstered by a tighter oil market and as an economic recovery from the coronavirus-induced slump gathers pace, helped by a possible vaccine. Author: Eamonn Sheridan | Category: News. Goldman also expects the Organization of the Petroleum Exporting Countries and allies (OPEC+) to delay a planned output rise in January by three months, based on a projected surplus in supply by December and uncertainty in demand outlook. Goldman Sachs projected a bullish view for the oil market in 2021, as prices recover alongside a possible COVID-19 vaccine. Goldman Sachs has lowered its second quarter brent oil price forecast, citing the negative impact of coronavirus outbreak on the global demand growth as the main factor behind its decision. Over the weekend Goldman Sachs reiterated its bullish stance on oil prices. Goldman Sachs expects Brent prices to rally in 2021, bolstered by a tighter oil market and as an economic recovery from the coronavirus-induced slump gathers pace, helped by a possible vaccine. Goldman forecast Brent prices to rally to $65 per barrel by the third quarter of 2021 and average $59.40 for the year. 08:18a : STREET COLOR: Qualcomm Selects Cristiano Amon as … Goldman Forecasts Waning Demand: Oil ETFs to Lose Growing travel bans and majorly disturbed supply chains largely due to the spike in the number of … OPEC+ members have eased production cuts by agreeing to reduce output by 7.7 million barrels per day, versus a record of 9.7 million barrels, or 10.7% of global demand, up until August. Die Goldman Sachs Group, Inc. (kurz GS) ist ein weltweit tätiges Investmentbanking- und Wertpapierhandelsunternehmen mit Sitz in New York City.. Zu Goldman Sachs’ Kunden zählen große Unternehmen und Staaten sowie High Net Worth Individuals, die Dienstleistungen aus dem Bereich des Investmentbanking, Finanzmanagement, Vermögensverwaltung, Prime Brokerage und Underwriting … Goldman Sachs and Bank of America Merrill Lynch have cut their forecasts for crude oil prices following a dispute between Russia and Saudi Arabia, … “Given our rising confidence in the market rebalancing next year, we are bringing forward our forecast for higher long-dated prices, with 3-year forward Brent expected to reach $58/bbl by end-2021,” analysts wrote in a note sent to clients. Arbiterz profiles Nigerians creating livelihoods and building businesses and analyses the economic and political ideas that shape opportunities..., CHINA MOBILE, MICRON: What to watch When the Stock market Opens Today DJ... Coronavirus lockdowns: Major oil Producers Want Output cuts Extended into 2021 negative... 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