Goldman Sachs

This tag is associated with 13 posts

Oil Plummet: Crude Dives Below $45 For First Time Since 2009

Posted by ETFalpha ⋅ January 13, 2015 ⋅ 1 Comment

Brent crude and WTI have continued their headlong plunge in early trading Tuesday, hitting record six-year lows. Brent crude futures fell 2.64 percent to $46.12 in trading on London’s ICE exchange, while WTI dropped by 2.41 percent, plunging below $45 to $44.96 (10:00 MSK). Brent and WTI prices are now at their lowest levels since … Continue reading →

Oil Needs To Stay At $40 To Curb US Shale Boom – Goldman Sachs

Posted by ETFalpha ⋅ January 12, 2015 ⋅ 1 Comment

Oil prices hit new lows on Monday as Goldman Sachs halved its forecast for 2015 to $42 a barrel. The bank says low prices could curtail a number of shale projects, mostly in the US, cutting oversupply, and contributing to further price stabilization. Goldman reduced its six month WTI predictions to $39 a barrel from … Continue reading →

Oil Producers To Lose $1Tn If Price Below $60 – Goldman Sachs

Posted by ETFalpha ⋅ December 16, 2014 ⋅ Leave a comment

The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs. With Brent crude losing 45 percent of its price and trading at $59.9 at 12PM MSK Tuesday, a number of once ambitious projects … Continue reading →