Wednesday, March 22, 2023
British Herald
Advertisement
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
Home Finance

Goldman Sachs expects volatile oil prices in coming weeks

Editorial Bureau by Editorial Bureau
November 21, 2018
0
Goldman Sachs expects volatile oil prices in coming weeks

FILE PHOTO: The Goldman Sachs company logo at the New York Stock Exchange, April 17, 2018. REUTERS/Brendan McDermid/File Photo

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Goldman Sachs said in a note on Wednesday that it expects oil markets to remain highly volatile in the coming weeks.

You might also like

Greater control for taxpayers using repayment agents

About 250,000 children to receive $200 Child Development Account

Personal finance for young adults: An introduction to cryptocurrencies

Oil markets clawed back some ground on Wednesday after tumbling more than 6 percent the day previous day in heavy trading volumes. [O/R]

“It will take a fundamental catalyst for prices to stabilise and eventually trade higher,” Goldman said in the note, adding that such a catalyst would include physical evidence that OPEC production is “sequentially” declining and further proof of demand resilience.

The Organization of the Petroleum Exporting Countries (OPEC) is pushing allied producers including Russia to join in output cuts of 1 million to 1.4 million barrels per day.

Goldman said the renewed price collapse reflected “concerns over excess supply in 2019 … (and) a broader cross-commodity and cross-asset sell-off as growth concerns continue to mount.”

The investment bank said a sharp collapse in demand or the absence of an OPEC production cut would be the two main risk to a recovery in prices from current levels,

“While both are unlikely, we are more concerned about the latter, with such a shift leading to sustainably lower prices,” Goldman said.

(Reporting by Eileen Soreng in Bengaluru; Editing by Joseph Radford)

Share30Tweet19
Editorial Bureau

Editorial Bureau

Recommended For You

Greater control for taxpayers using repayment agents

January 11, 2023
Greater control for taxpayers using repayment agents

HM Revenue and Customs (HMRC) is changing the way taxpayers who use a repayment agent can receive overpaid tax to protect them and raise standards among repayment agents....

Read more

About 250,000 children to receive $200 Child Development Account

December 27, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more

Personal finance for young adults: An introduction to cryptocurrencies

December 26, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more

Spain counts cost of agribusiness in rising desertification

December 20, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more

Bargain Hunters Drive China Tech Rebound Amid Regulatory Risk

December 19, 2022

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never...

Read more
No Result
View All Result
JOE BIDEN

Joe Biden teases 2024 run at the awards ceremony for artists

March 22, 2023
China’s Xi, Japan’s Kishida end visits to Russia and Ukraine

Xi and Kishida end their visit to Russia and Ukraine

March 22, 2023
Protest in France

The French continue to protest

March 22, 2023

Tags

amazon australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus cases coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england European Union facebook France germany Hong Kong ICC Men's T20 india iran israel italy japan joe biden lockdown London new zealand north korea Rishi Sunak russia south korea spain T20 T20 World Cup taiwan thailand Trump turkey UK Ukraine usa
British Herald

Top News in World: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

CATEGORIES

  • Africa
  • Articles
  • Asia
  • Brand Feature
  • Business
  • Climate & Environment
  • Companies
  • Crypto
  • Culture and Lifestyle
  • Daily Roundup
  • Economics
  • ECONOMY
  • edel
  • Entertainment
  • Europe
  • Fashion
  • Finance
  • Financial Markets
  • Fintech
  • Health
  • IN UK 01
  • IN UK 02
  • Investing
  • Latin America
  • Market
  • Middle East
  • nsp
  • Oceania
  • Opinion
  • Pharma/BioTech
  • Politics
  • Reviews
  • Science & Technology
  • Sport
  • Sustainability
  • Tech
  • Technology
  • Travel
  • UK
  • Uncategorized
  • USA
  • Videos
  • World

BROWSE BY TAGS

amazon australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus cases coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england European Union facebook France germany Hong Kong ICC Men's T20 india iran israel italy japan joe biden lockdown London new zealand north korea Rishi Sunak russia south korea spain T20 T20 World Cup taiwan thailand Trump turkey UK Ukraine usa

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?