Goldman Sachs: Upside Risk In Oil Is “Tremendously High”

Goldman Sachs: Upside Risk In Oil Is “Tremendously High”

Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high right now,” Jeffrey Currie, global head of commodities research at Goldman Sachs, told CNBC’s Squawk Box on Monday. The recent pullback in oil prices could be a buying opportunity because prices … Read more

The Energy Crisis Has Been A Boon For Argentina’s Dead Cow Shale Patch

The Energy Crisis Has Been A Boon For Argentina’s Dead Cow Shale Patch

The US, UK, and European Union’s ban on Russian oil imports sparked by President Vladimir Putin’s invasion of Ukraine has sent global energy prices soaring. The international Brent benchmark has gained a whopping 64% since the start of 2022 while natural gas had surged by a stunning 105%, which has been a boon for a … Read more

Oil Prices Hit $110 As Europe Prepares To Ban Russian Crude

Oil Prices Hit 0 As Europe Prepares To Ban Russian Crude

By Charles Kennedy – May 04, 2022, 1:00 PM CDT In one month, the European Commission proposes to ban all shipping, brokerage, insurance and financing servers related to the import and transport of Russian oil. 95% of the world’s taker liability coverage goes through the London-based International Group of P&I Clubs. WTI futures were up … Read more