Goldman Sachs: Another Oil Glut Is Coming In 2018

David McNew/Getty ImagesOil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has taken more than 1 million barrels per day of oil off the market has not succeeded in reversing this bearish trend for inventories.

Topics:  david mcnew/getty imagesoil   the opec   but opec s   ole hansen   saxo   bank   wall street   goldman sachs   brazil   russia   canada   combined   november   most european   watch   opec    opec   goldman   goldman s   u.s    glut   coming   prices   market   barrel   projects   extension   cuts   years   deal   shale   year   crude   inventories   time   share   supply   markets   output   higher   point   production   drilling   extend   strategy   companies   fall   bit   months   increase   record   barrels   wave   spending   day   million   global   stability   cut   run   megaprojects   downturn   add   sparked   online   projections   note   oversupply   weapons   investment   
BING NEWS:
  • Goldman Sachs' Analysts Say They Are 'Mildly Bullish' on Crude Oil Prices -- OPIS
    Goldman Sachs' commodity analysts made no change to their Brent crude price targets, but told clients on Monday they are "mildly bullish" on oil prices ...
    05/21/2024 - 4:11 am | View Link
  • The Goldman Sachs Group Inc
    We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
    05/15/2024 - 1:00 pm | View Link
  • Goldman Sachs CEO raises alarm on US debt: ‘Ability to spend without constraint is not unlimited’
    Goldman Sachs CEO David Solomon said that US policymakers need to put greater “focus” on the nation’s ballooning debt and deficit — warning that the federal government’s “ability to ...
    05/13/2024 - 10:47 am | View Link
  • OPEC Signals a Lasting OPEC+ Alliance For Managing Oil Markets
    OPEC is replacing its monthly oil market report estimate of “call on OPEC crude” with a “call on OPEC+ crude,” indicating that it remains committed to the OPEC+ collaboration to regulate supply. The ...
    05/12/2024 - 11:27 am | View Link
  • Goldman Sachs Group Inc.
    No significant news for in the past two years. Key Stock Data P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing ...
    05/10/2024 - 9:36 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News