Sunday, January 5, 2025
Morgan Stanley sees Brent crude at $100 by Q3- oil and gas 360

Morgan Stanley sees Brent crude at $100 by Q3

World Oil (Bloomberg) –Add Morgan Stanley to the list of banks expecting crude to reach $100 a barrel later this year. The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, according to a research note to clients. Spare supply capacity will shrink to 2 million barrels a day from the

Schlumberger expects 'supercycle' as demand lifts profit above forecast- oil and gas 360

Schlumberger expects ‘supercycle’ as demand lifts profit above forecast

Yahoo News Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world’s largest oilfield services company.   Oil prices surged about 50% last year and are trading at seven-year highs on a COVID-19 vaccine-fueled demand recovery and tight supplies. The global rig count was 1,563 at the