Goldman’s $50 Forecast May Prove Bullish
Goldman Sachs is standing by its own base oil price scenario of $50 a barrel, anticipating a stable future for the commodity, with price fluctuations in the range of 10-20 Continue Reading
Oil prices flat as IEA report counters higher U.S. output
Oil traded flat on Thursday after weekly data indicated a continued rise in U.S. production, while an International Energy Agency (IEA) report said the market was close to balance. Benchmark Continue Reading
Oil Falls After EIA Data Show U.S. Output Continues Growth
Oil prices ended a six-session streak of gains after federal data showed U.S. crude output continued its relentless growth. Crude prices slid, giving up earlier gains, after the U.S. Energy Continue Reading
Will Shale Kill Off The Oil Price Rally Again?
WTI has rallied more than 11 percent over the past month, raising hopes from oil bulls that maybe, just maybe, the price gains are here to stay. Oil had dipped Continue Reading
Supply Crunch Or Oil Glut: Investment Banks Can’t Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, Continue Reading
Goldman Sachs anticipates return to long-term oil price stability
Goldman Sachs has maintained its base case for oil prices at $50 per barrel, saying it anticipates a return to stable long-term oil prices. The bank said in an outlook Continue Reading
Oil Prices Pull Higher After API Reports Draws Across The Board
The American Petroleum Institute (API) reported a draw of 1.3 million barrels in United States crude oil inventories, compared to analyst expectations for a crude oil build of 125,000 barrels. Continue Reading
Oil Extends Longest Gain of 2017 as Saudis Seen Extending Curbs
Kingdom’s decision depends on stance of countries such as Iraq U.S. crude stockpiles drop 1.3 million barrels last week: API Oil advanced for a seventh day in New York, the Continue Reading
Is The Oil Price Rally Running Out Of Steam?
Oil prices started the week at a one-month high, with geopolitical tensions and growing confidence over an OPEC deal extension driving a rally. But as oil prices settle in the Continue Reading
Short-Term Energy and Summer Fuels Outlook
Forecast Highlights Global liquid fuels For the 2017 April-through-September summer driving season, U.S. regular gasoline retail prices are forecast to average $2.46/gallon (gal), compared with $2.23/gal last summer (see Summer Continue Reading