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Montevideo, October 4th 2022 - 19:26 UTC

Tag: China oil demand

  • Friday, September 30th 2016 - 15:00 UTC

    Where will oil prices go after Algiers?

    Goldman Sachs revised down its estimate for oil prices for the end of this year, lowering its 4th quarter estimate from US$50 to US$43 per barrel

    Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring