goldman sachs bank new opec deal could raise oil prices by 10
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Goldman Sachs Bank: New OPEC Deal Could Raise Oil Prices by $10

Arab Today, arab today

Arab Today, arab today Goldman Sachs Bank: New OPEC Deal Could Raise Oil Prices by $10

Goldman Sachs.
New York - QNA

Goldman Sachs said the deal reached by OPEC crude producers on Wednesday to curb output should add $7 to $10 to oil prices in the first half of next year.

Goldman analysts said in a note dated Wednesday that strict implementation of the deal in 2017 would represent 480,000 to 980,000 barrels per day less output. "Longer term, we remain skeptical on the implementation of the proposed quotas, if ratified," the analysts said. 

Still, the bank reiterated its year-end and 2017 oil price forecasts, given the uncertainty of the OPEC proposal. Goldman kept its end-2016 forecast for US West Texas Intermediate crude (WTI) at $43 per barrel and its 2017 forecast at $53 per barrel. 

WTI was trading around $47 a barrel, after gaining more than 5% on Wednesday on OPEC's planned output cut. Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to modest oil output cuts in the first such deal since 2008. 

Source: QNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

goldman sachs bank new opec deal could raise oil prices by 10 goldman sachs bank new opec deal could raise oil prices by 10

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

goldman sachs bank new opec deal could raise oil prices by 10 goldman sachs bank new opec deal could raise oil prices by 10

 



GMT 15:16 2017 Monday ,19 June

Asian markets extend gains at start of the week

GMT 02:52 2017 Thursday ,03 August

March21st-April20th

GMT 14:50 2017 Monday ,09 October

Saving morale, one French boss at a time

GMT 14:48 2017 Sunday ,10 September

PML-N struggling for sanctity of vote: Talal Chaudhry

GMT 21:03 2017 Tuesday ,31 January

Mercedes-Benz Middle East appoints new VP

GMT 15:27 2017 Friday ,03 November

Twin Iraq and Syria assaults as IS loses last

GMT 06:48 2017 Monday ,03 April

Oman Air partners with Lufthansa

GMT 19:39 2017 Wednesday ,15 March

Gaza tailor stitches together business with Israelis

GMT 08:22 2017 Thursday ,27 April

GCC youth prospects highlighted

GMT 08:49 2017 Thursday ,30 March

Stuff magazine launches Hot Stuff online section

GMT 08:16 2017 Wednesday ,27 September

Boris Charmatz, the man who wants to make you dance

GMT 10:26 2018 Wednesday ,24 January

Aoun meets US ambassador

GMT 10:50 2018 Wednesday ,10 January

King Salman receives Hariri
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday