Why Goldman Sachs slashed its oil price forecast by nearly 10%
A few weeks ago, Goldman Sachs made headlines when it slashed its oil price forecast by nearly 10%. This came as a surprise to many, as the oil market had been showing signs of recovery thanks to rising demand and supply cuts. However, Goldman Sachs’s analysts pointed out that the recovery was being jeopardized by […]
U.S. Crude Oil Inventories Decrease by 500,000 Barrels – What Does This Mean for the Market?
The American Petroleum Institute (API) reported on Tuesday that U.S. crude oil inventories decreased by 500,000 barrels for the week ending March 19. This news comes amid optimism for a global economic recovery fueled by ongoing vaccination efforts, and as OPEC+ countries continue to see compliance with their production cuts. In this blog post, we’ll […]
The 5 Most Common Myths About Oil and Gas Debunked
Oil and gas are vital resources that power much of the world’s industries and daily life. However, there are many misconceptions and myths surrounding the extraction, production, and use of these fossil fuels. From pollution concerns to economic benefits, many people have preconceived notions that are not necessarily accurate. In this blog post, we will […]
