Thursday, December 19, 2024

Goldman’s an Oil Price Bull in 2018: 9% Total Returns Forecast

From Bloomberg 2018 Brent View Raised to $62 from $58; WTI to $57.50 from $55 Bank sees lower inventories in 2018 on OPEC commitment to cuts Goldman Sachs Group Inc. predicts oil prices will retain their strength, at least through 2018. The bank raised its forecast for U.S. West Texas Intermediate as well as global benchmark Brent crude, saying OPEC and

LNG to the Rescue: Pakistan’s First LNG Import Terminal Receives 120 Shipments

From Business Recorder KARACHI: Pakistan’s first Liquefied Natural Gas (LNG) energy terminal has received 120 shipments and injected 7.4 million tonnes LNG in the national transmission network since start of its operations, saving US $1.2 billion per year in the national kitty. “Established by Engro Pakistan, the plant was completed in a record 330 days and succeeded to transfer 120