Similar Stories to Goldman Sachs: Another Oil Glut Is Coming In 2018 on Bing News

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.

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BING NEWS:
  • Goldman Sachs: Brent oil prices "at our summer peak"
    Brent crude prices have touched their "summer peak" of $86 per barrel, according to projections from analysts at Goldman Sachs. In a note to clients, the analysts noted that "U.S.-led strong summer ...
    06/25/2024 - 10:48 pm | View Link
  • Goldman Sachs names Hess CEO to its board while advising on oil company sale
    Hess CEO John Hess joins Goldman Sachs board as an independent director, raising eyebrows in the financial industry.
    06/24/2024 - 1:02 pm | View Link
  • The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
    Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldman Sachs found.
    06/24/2024 - 5:18 am | View Link
  • Will the World See a “Staggering” Oil Supply Glut in 2030?
    The IEA predicts a future oil supply glut due to electric vehicles and rising non-OPEC+ production, but past predictions of oil decline have been inaccurate.
    06/19/2024 - 2:59 am | View Link
  • Oil slips on profit booking, IEA's supply glut projection
    Higher supplies would upend the current Opec and allies' market management strategy, which has implemented production cuts at support prices.
    06/14/2024 - 6:08 am | View Link
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