Tag: oil

Oil Price: Next Stop $80 A Barrel?

Oil Price: Next Stop $80 A Barrel?

At the beginning of this year, energy analysts at investment bank Raymond James published a report stating that they believed the price of oil could hit $70 a barrel by the end of 2016. At the time, when oil was […]

Oil: The Long-Term Trend Is Clear

Oil: The Long-Term Trend Is Clear

Wednesday was a busy day for oil watchers. Following comments from the International Energy Agency on Tuesday, Goldman Sachs published a report this morning saying about it expects the oil market to return to surplus early next year after moving […]

What’s Moving In Oil?

What’s Moving In Oil?

The price of Brent crude charged through the key $50 a barrel level this week and pushed higher to around $52.75/bbl in early trade on Thursday morning before sliding back to $49.50/bbl in trade on Friday afternoon. The very fact that […]

GS: Expect More Oil Patch Bankruptcies

GS: Expect More Oil Patch Bankruptcies

Oil Patch Bankruptcies – As ValueWalk reported last month, the number of companies filing for bankruptcy protection in the North American oil patch picked up steam at the end of the first quarter, ahead of spring borrowing base redeterminations. Then […]