Why oil prices may shoot at least 15% higher: Goldman Sachs

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Why oil prices may shoot at least 15% higher: Goldman Sachs

finance.yahoo2021-06-18

Supply constraints and a global economyrapidly reboundingfrom the debilitating COVID-19 pandemic lays the foundation for much higher oil prices, Goldman Sachs global head of commodities research ...

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Shermianz
·2021-06-21
Time to load up on energy stocks!
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kennot
·2021-06-20
Bad bad
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2
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PeterTok
·2021-06-20
So that y!
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TKe
·2021-06-20
Oh no
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1
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Shop
·2021-06-19
interesting
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1
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- luv2trade:
  bullish
  2021-06-21
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- luv2trade:
  way to go
  2021-06-21
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- luv2trade:
  cool
  2021-06-21
  Reply
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Panthera
·2021-06-19
Oil will shoot up more when Covid situation iis under controlled & OPEC countries reduce production.
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仁毅
·2021-06-19
Interesting
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Eelheis
·2021-06-19
Wow
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SandDust
·2021-06-19
The Truth is US shale always fill up the gap much faster than everyone expected. What is more important to the oil player is the price stability rather than upswing follow by downturn, which impacted all the planning.
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3
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TellMeMore
·2021-06-19
Hi
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1
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- Andrew210782:
  Hi there
  2021-06-21
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TianMu
·2021-06-19
Really hope petrol goes down
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佑任
·2021-06-19
Tell me your opinion about this news...
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Tri12244
·2021-06-18
Wow
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AL30
·2021-06-18
Pls like and comment
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6
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- KypChan:
  sure
  2021-06-19
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- Blahblahblah:
  Liked
  2021-06-18
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- shshsh999:
  like and comment pls
  2021-06-18
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lsc72
·2021-06-18
oo
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MayLP
·2021-06-18
Oil is down today..
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Gohweenjoe
·2021-06-18
hi
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OO_898
·2021-06-18
Great ?! Oil prices will going up again. Look forward.....
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- Leotrader:
  not looking forward to inflation
  2021-06-18
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Chrissssy
·2021-06-18
TGIF ! Like and comment please! :)
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Sebastiantyd
·2021-06-18
Ok
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Global demand likely rose to 97.0 million barrels a day in recent days from 95.0 million barrels a day just a few weeks ago as the U.S. passes the baton to Europe and emerging markets, where even India is beginning to show improvements,\" Currie said in a new research note to clients on Friday.\nTo be sure, oil prices have had a bullish bias of late.\nAt more than$73 a barrel currently, brent crude oil prices are trading at levels not seen since the fall of 2018. The price of brent crude isup about 55% year-to-date.\nRecent gains in the oil patch have been fueled by indications of strong demand meeting low levels of supply.\nThe Energy Information Administration (EIA) reported this week that U.S. crude oil inventories fell by 7.4 million barrels for the week ended June 11. Meanwhile, the National Bureau of Statistics reported that crude oil throughput in China for May rose 4.4% versus last year to hit a record high.\nWarns Goldman's Currie, \"With such robust demand growth against an almost inelastic supply curve outside of core OPEC+ (GCC + Russia), the global oil market is facing its deepest deficits since last summer at nearly 3.0 million barrels a day. With refiners quickly responding to small improvements in margins, petroleum product supplies have broadly matched this jump in end-use demand, leaving this deficit almost entirely in crude. We expect further demand increases towards 99.0 million barrels a day by August of which half can be accounted for purely from DM seasonality alone. By then the entire global post-COVID surplus will likely have vanished, by which point we believe elevated crude oil prices could be the catalyst to refocus the market on the reflation trade.\"","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":164564860,"gmtCreate":1624230581650,"gmtModify":1703830826818,"author":{"id":"3560808034878134","authorId":"3560808034878134","name":"Shermianz","avatar":"https://static.tigerbbs.com/61cd9aa6b4d6b4608e9cb69147f7a842","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3560808034878134","authorIdStr":"3560808034878134"},"htmlText":"Time to load up on energy stocks!","listText":"Time to load up on energy stocks!","text":"Time to load up on energy stocks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164564860","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164137441,"gmtCreate":1624179215183,"gmtModify":1703830241372,"author":{"id":"3571027561619595","authorId":"3571027561619595","name":"kennot","avatar":"https://community-static.tradeup.com/news/553e46830d41301de76e4f5822f99e8c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571027561619595","authorIdStr":"3571027561619595"},"htmlText":"Bad bad","listText":"Bad bad","text":"Bad bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164137441","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":165745180,"gmtCreate":1624159320240,"gmtModify":1703829772655,"author":{"id":"3573425582496590","authorId":"3573425582496590","name":"PeterTok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573425582496590","authorIdStr":"3573425582496590"},"htmlText":"So that y!","listText":"So that y!","text":"So that y!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165745180","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":165691733,"gmtCreate":1624121990122,"gmtModify":1703829117576,"author":{"id":"3581501420003989","authorId":"3581501420003989","name":"TKe","avatar":"https://static.tigerbbs.com/1667ad4d8c49a39e16e5852a89f233a6","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581501420003989","authorIdStr":"3581501420003989"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165691733","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":165864337,"gmtCreate":1624117350629,"gmtModify":1703829040965,"author":{"id":"3582022994702843","authorId":"3582022994702843","name":"Shop","avatar":"https://static.tigerbbs.com/d361fd3c4c5677fff3957e6d430ecb52","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582022994702843","authorIdStr":"3582022994702843"},"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":58,"repostSize":0,"link":"https://ttm.financial/post/165864337","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4920754,"gmtCreate":1624236335629,"gmtModify":1663229548649,"authorId":3582002202540727,"author":{"id":3582002202540727,"idStr":"3582002202540727","authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":165864337,"type":1,"supId":0,"prevId":0,"content":"bullish","text":"bullish","html":"bullish"},{"id":4920741,"gmtCreate":1624236311313,"gmtModify":1663229548339,"authorId":3582002202540727,"author":{"id":3582002202540727,"idStr":"3582002202540727","authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":165864337,"type":1,"supId":0,"prevId":0,"content":"way to go","text":"way to go","html":"way to go"},{"id":4920766,"gmtCreate":1624236361786,"gmtModify":1663229548238,"authorId":3582002202540727,"author":{"id":3582002202540727,"idStr":"3582002202540727","authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":165864337,"type":1,"supId":0,"prevId":0,"content":" cool","text":" cool","html":" cool"},{"id":4920782,"gmtCreate":1624236391478,"gmtModify":1663229547629,"authorId":3582002202540727,"author":{"id":3582002202540727,"idStr":"3582002202540727","authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":165864337,"type":1,"supId":0,"prevId":0,"content":"[Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy]cool","text":"[Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy]cool","html":"[Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy][Happy]cool"},{"id":4920745,"gmtCreate":1624236317740,"gmtModify":1663229547246,"authorId":3582002202540727,"author":{"id":3582002202540727,"idStr":"3582002202540727","authorId":3582002202540727,"name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":165864337,"type":1,"supId":0,"prevId":0,"content":"go go go","text":"go go go","html":"go go go"}],"langContent":"EN"},{"id":165029698,"gmtCreate":1624082243714,"gmtModify":1703828501561,"author":{"id":"3564297112782293","authorId":"3564297112782293","name":"Panthera","avatar":"https://static.tigerbbs.com/b14a581219f653577124d9f8e352a245","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3564297112782293","authorIdStr":"3564297112782293"},"htmlText":"Oil will shoot up more when Covid situation iis&nbsp;under controlled &amp; OPEC countries reduce production.&nbsp;","listText":"Oil will shoot up more when Covid situation iis&nbsp;under controlled &amp; OPEC countries reduce production.&nbsp;","text":"Oil will shoot up more when Covid situation iis under controlled & OPEC countries reduce production.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165029698","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":162558258,"gmtCreate":1624068937074,"gmtModify":1703828096395,"author":{"id":"3579736270041651","authorId":"3579736270041651","name":"仁毅","avatar":"https://static.tigerbbs.com/3a007247d6cf59cf9f87a07e5440dd16","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579736270041651","authorIdStr":"3579736270041651"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162558258","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":162289352,"gmtCreate":1624064639876,"gmtModify":1703827909741,"author":{"id":"3586257880212732","authorId":"3586257880212732","name":"Eelheis","avatar":"https://static.tigerbbs.com/377a44bd36e37057b0a3ea65ec21afba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586257880212732","authorIdStr":"3586257880212732"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162289352","repostId":1180733695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":162297290,"gmtCreate":1624064032510,"gmtModify":1703827878457,"author":{"id":"3581331938298103","authorId":"3581331938298103","name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581331938298103","authorIdStr":"3581331938298103"},"htmlText":"The Truth is US shale always fill up the gap much faster than everyone expected. What is more important to the oil player is the price stability rather than upswing follow by downturn, which impacted all the planning.&nbsp;","listText":"The Truth is US shale always fill up the gap much faster than everyone expected. What is more important to the oil player is the price stability rather than upswing follow by downturn, which impacted all the planning.&nbsp;","text":"The Truth is US shale always fill up the gap much faster than everyone expected. What is more important to the oil player is the price stability rather than upswing follow by downturn, which impacted all the 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