Tag Archives: Goldman Sachs Bank

Goldman’s analysts said production in Libya and Nigeria was higher than expected.

The analysts at Goldman Sachs expect the OPEC producers and Russia to compensate for the drop in Iranian oil supplies.

The price for LNG shipment into key Asian markets is hovering around $10 per million British thermal units.

Surging oil demand. particularly in the case of China. is likely to surprise the market to the upside.

Oil prices declined by more than 6 percent in the last few trading days.

Syria is not the only hot spot that is driving oil prices higher up. but it is certainly the hottest.

The market is currently experiencing Brent crude prices at around $70 a barrel. a price not seen since 2014.

Brent at above $70 a barrel ``will trigger some increased discussion within OPEC.

Traders will try to keep discharge options open so that they are able to anticipate any potential delays in discharging the cargoes.

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.