In: News

Oil is a buy for Citigroup as Goldman says market getting tight
May 8, 2017

By GRANT SMITH, ALEX LONGLEY AND JONATHAN FERRO LONDON (Bloomberg) — Oil’s slump to a five-month low is driven purely by…

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IEA: Global oil supply to lag demand after 2020 unless new investments approved soon
April 28, 2017

PARIS — Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil…

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Citigroup sees $60 oil as OPEC combats roaring U.S. shale
April 19, 2017

SINGAPORE (Bloomberg) — Citigroup Inc joined Goldman Sachs Group in backing commodities, saying it’s the season to have faith in raw…

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Oil set for longest gain since 2012 as Saudis seen extending cut
April 18, 2017

LONDON (Bloomberg) — Oil advanced for an eighth day in London, the longest gain since 2012, on confidence Saudi Arabia will…

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Goldman Sachs still confident in crude
April 18, 2017

SINGAPORE (Bloomberg) — Goldman Sachs Group Inc. says keeping the faith in commodities is paying off. Four weeks after the bank…

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IEA warns of potential shortage of global oil supplies in 3 years
April 2, 2017

The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long…

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Contrarian fund managers expect oil prices to double to $100 by 2018
March 23, 2017

“Missing barrels” has always been a challenge regarding the IEA analysis. This article provides an intriguing explanation. “Prior to the uptick…

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WoodMac: 2017 will be year of ‘opportunity’ for oil firms
December 27, 2016

OPEC’s production deal and recent crude price strength should make 2017 a more profitable year for upstreams, according to a report…

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Trader who called price slump sees OPEC deal boosting crude to $70
December 9, 2016

LONDON (Bloomberg) — Hedge fund manager Pierre Andurand expects the combined output cut agreed to by OPEC and Russia will boost…

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Permian – hottest O&G zip codes, or dangerous bubble?
November 28, 2016

The wheels on the bus go round and round. Takeaways: 1. With $1B of dry powder on the sidelines for about…

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