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Oil prices rise on outages, Goldman forecastOil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit. More… |
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Oil down 10pc after five-day dropOil fell for a fifth straight day on Friday, losing 10 per cent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the market. More… |
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Banks in $1.8bn deal to resolve price-fixing claimTwelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and restrain competition in the roughly $16 trillion market for credit default swaps, a lawyer for the investors said on Fri More… |
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Oil stays at 2009 levels over Asian economic woesCrude oil markets recovered somewhat on Tuesday from sharp falls in the previous session but they remained at 2009 levels as Asian equities kept tumbling, triggering fears of an economic tailspin in the region. China's major s More… |
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Oil stays at 2009 levels over Asian economic woesCrude oil markets recovered somewhat on Tuesday from sharp falls in the previous session but they remained at 2009 levels as Asian equities kept tumbling, triggering fears of an economic tailspin in the region. China's major s More… |
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Opec oil output to exceed unchanged production target: GoldmanGoldman Sachs said that though the Organization of the Petroleum Exporting Countries (Opec) decided in Vienna to maintain its production target of 30 million barrels per day, the group's output would continue to exceed this quota. More… |
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Oil prices rise on Iraq, Yemen fightingOil prices edged up on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but signs of strengthening US production capped gains. Front-month Brent futures were up 9 cents at $66.90 a barrel by 0311 More… |
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US crude prices could drop to $40, warns GoldmanOil prices will reverse their recent gains as global crude inventories begin to increase again, with US crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs said. Oil prices rose by almost a third between Ja More… |
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Goldman Sachs slashes oil price forecastsUS bank Goldman Sachs slashed it oil forecasts, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut. Goldman Sach More… |
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Goldman sells metals warehousing unit to Swiss groupGoldman Sachs Group has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said. The deal for Metro International Trade Services comes months after Goldman formal More… |
