Saturday 29 August 2015
 
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Goldman

Oil stays at 2009 levels over Asian economic woes

Crude oil markets recovered somewhat on Tuesday from sharp falls in the previous session but they remained at 2009 levels as Asian equities kept tumbling, triggering fears of an economic tailspin in the region. China's major s

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Oil stays at 2009 levels over Asian economic woes

Crude oil markets recovered somewhat on Tuesday from sharp falls in the previous session but they remained at 2009 levels as Asian equities kept tumbling, triggering fears of an economic tailspin in the region. China's major s

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Opec oil output to exceed unchanged production target: Goldman

Goldman Sachs said that though the Organization of the Petroleum Exporting Countries (Opec) decided in Vienna to maintain its production target of 30 million barrels per day, the group's output would continue to exceed this quota.

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Oil prices rise on Iraq, Yemen fighting

Oil prices edged up on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but signs of strengthening US production capped gains. Front-month Brent futures were up 9 cents at $66.90 a barrel by 0311

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US crude prices could drop to $40, warns Goldman

Oil prices will reverse their recent gains as global crude inventories begin to increase again, with US crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs said. Oil prices rose by almost a third between Ja

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Goldman Sachs slashes oil price forecasts

US bank Goldman Sachs slashed it oil forecasts, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut.   Goldman Sach

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Goldman sells metals warehousing unit to Swiss group

Goldman Sachs Group has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said. The deal for Metro International Trade Services comes months after Goldman formal

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Oil drops below $86 after Goldman cuts price forecast

Brent crude futures extended declines to below $86 a barrel on Monday after Goldman Sachs cut its price forecasts for the contract and for US oil by $15 in the first quarter of next year. The US investment bank said in a research

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Mideast banks buy majority of Goldman Sach’s sukuk

Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage

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Goldman Sachs plans debut sukuk issue for $500m

Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. The US bank will mee

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