Goldman Sachs sees oil prices hit $100/b

September 26, 2023 Blessing Anaro 0

Goldman Sachs has predicted oil price will likely to rise to $100 again, citing lower production output from the Organization of Petroleum Exporting Countries (OPEC), amongst others. But Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited says it will only increase revenue to governments but will not benefit Nigerians. “Globally, oil prices trade at $95/b and Read More

Goldman Sachs pegs oil at $97

March 22, 2023 Blessing Anaro 0

Goldman Sachs has reversed its earlier position that crude oil prices will hit $100/b by the second half of this year. Last week, oil prices booked their worst week since the start of the year, dropping off a cliff on renewed fears about the global economy after the collapse of two big U.S. banks and the near-collapse of Credit Suisse. Read More