Salient to Investors: Torbjoern Kjus at DNB ASA said the oil market does not look tight for the coming 5 years, spare capacity will rise, and prices will continue to trend lower. David Lennox at Fat Prophets said all the key players on the demand side basically see muted growth, which
READ MORE... →Salient to Investors: Jeremy Grantham writes: The world, in its reckless use of resources and natural systems, shows many of the indicators of potential failure that brought down many prior civilizations. However, we have two saving graces that may save us – declining fertility rates and progress in alternative energy.
READ MORE... →Salient to Investors: Goldman Sachs: Lowered its 3- and 12-month return forecasts for the S&P GSCI index of 24 commodities to 2.5 percent in 3 months and 3 percent in 12 months, and cut its near-term outlook on commodities to neutral from overweight, amid prospects for weak global demand. Exited its
READ MORE... →Salient to Investors: Asian state-owned oil companies are making inroads in the contest for East Africa’s energy reserves. Fields off Mozambique are estimated to hold enough gas to meet global demand for 2 years. Brett Olsher at Goldman Sachs said state producers have a national interest initiative to secure significant
READ MORE... →Salient to Investors: 4 of the biggest stakeholders in untapped deposits known as the Utica Shale in Ohio have put up all or part of their acreage for sale, as prices fall by a third in some cases. The flip-flop underscores the difficulties faced by even experienced drillers around the world
READ MORE... →Salient to Investors: Goldman Sachs forecast that supplies at the US delivery hub in Cushing, Oklahoma, will shrink at the end of May. Goldman Sachs now recommends buying September 2013 WTI and selling September 2013 Brent rather than the June spread because weaker production growth in Texas and New Mexico greatly reduces the risk
READ MORE... →Salient to Investors: Christopher Bellew at Jefferies Bache said we have seen the bottom in the oil price. Oil in New York has technical support along its 100-day moving average of $92.14 a barrel. Read the full article at http://www.bloomberg.com/news/2013-04-07/wti-rebounds-in-new-york-after-biggest-weekly-drop-in-six-months.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Goldman Sachs said global inventories will remain low and economic growth will pick up in the half2 2013, and maintained its Q2 target of $110 a barrel. Read the full article at http://www.bloomberg.com/news/2013-04-05/wti-crude-oil-futures-fall-after-u-s-payroll-data.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Addison Armstrong at Tradition Energy said the economy is improving but not robustly. BP said the US accounted for 21 percent of global oil consumption in 2011. Read the full article at http://www.bloomberg.com/news/2013-03-28/wti-oil-near-five-week-high-on-u-s-gdp-jobless-claims.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Addison Armstrong at Tradition Energy said the German PMI data is clearly bearish for the oil market because if the Germans are not making things, where is European demand going to come from? Michael Lynch at Strategic Energy & Economic Research said Cyprus is an example of what ails the
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