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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months

rocky
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 Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months Empty Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months

Post by rocky Tue 20 Feb 2018, 2:21 am

[size=30]Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months[/size]
20/02/2018 08:07 | Number of readings: 79
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 Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months Thumbnail.php?file=569a1bb5c361886d4b8b45a0_112930225
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Goldman Sachs International said that price growth in the next six months will accelerate above $ 80 a barrel thanks to the strong and growing influence of OPEC and its independent partners who have reached a joint declaration in 2016.
 
In a recent report, the bank forecast a shift from a low oil price environment to a higher price level in 2018, adding that price growth would be driven by a faster-than-expected rebalancing and a significant decline in surplus global crude stocks.
 
The market is living what could be called the "new oil system" as a result of the rapid shift, due to low-cost rock oil flows, which represents an overproduction boom.
 
The report called on oil shale producers to study their well-developed large-scale oil supply, avoiding the repetition of the 2014 experience by not falling again in the face of severe downward pressure on prices, making prices weak in the long term.
 
The bank expected crude prices to rise to $ 75 a barrel in the next three months and then to $ 82.5 a barrel in six months before returning to $ 75 a barrel by the end of this year.
 
Demand for crude oil this year will be stronger than previously expected, driven by several factors, the most important of which is economic growth in emerging economies, the report said, pointing to the possibility of deflation in commodity prices and better rates of global economic growth.
 
Crude oil prices started the week with wide gains, the highest in two weeks, due to Middle East tensions and the recovery of Asian financial markets. Prices also received support from OPEC-led output cuts in cooperation with independent producers as well as a weaker dollar.

rocky
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 Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months Empty Oil is expected to reach $ 80 in six months

Post by rocky Wed 21 Feb 2018, 3:26 am

[rtl]Oil is expected to reach $ 80 in six months[/rtl]

[rtl] February 21, 2018 - 4:27 | Number of readings: 176   [/rtl]
 Goldman Sachs: Oil prices may exceed $ 80 a barrel within 6 months 26982 
[rtl]SOMER NEWS: Goldman Sachs International has predicted that oil prices will accelerate over the next six months above $ 80 a barrel thanks to the strong and growing influence of OPEC and its independent partners who have reached a joint declaration in 2016 .[/rtl]
[rtl]"OPEC's efforts have led to several positive results for the fall in surplus stocks and price growth, which will pave the way for a full balance between supply and demand in the short term, " the bank said in a report .[/rtl]
[rtl]"The continued shift from the low oil price environment to the highest price level in the year 2018," he said, adding that "price growth will be driven by a faster-than-expected rebalancing and a significant decline in the surplus of global crude stocks ."[/rtl]
[rtl]"The market is living what can be called the" new oil system "due to the rapid shift, due to low-cost rock oil flows, which represents a productivity boom that has not yet ended, " the report said.[/rtl]
[rtl]The report called on oil shale producers to "study their well-developed growth in oil supply, avoiding the repetition of the experience of 2014 not to fall again in the practice of sharp downward pressure on prices, which makes prices weak in the long term ."[/rtl]
[rtl]"US rock oil producers have already managed to reduce production costs by raising efficiency and expanding advanced production technology, making it easier to adjust to low price levels and significantly increase margins during price boom periods .[/rtl]
[rtl]Crude oil prices will rise to $ 75 a barrel in the next three months and then reach $ 82.5 a barrel in six months before returning to $ 75 a barrel by the end of this year .[/rtl]
[rtl]"The demand for crude oil this year will be stronger than previously expected, driven by several factors, the most important of which is economic growth in emerging economies, pointing to the possibility of deflation in commodity prices and better rates of global economic growth ."[/rtl]
 

[rtl]http://sumer.news/ar/news/26636/%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D9%88%D8%B5%D9%88%D9%84-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A5%D9%84%D9%89-80-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7-%D8%AE%D9%84%D8%A7%D9%84-%D8%B3%D8%AA%D8%A9-%D8%A3%D8%B4%D9%87%D8%B1[/rtl]

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