Goldman

Oil Prices, Stocks Plunge as Fear Spreads Alongside New Coronavirus Cases

Oil Prices, Stocks Plunge as Fear Spreads Alongside New Coronavirus Cases

Oil futures and stock markets fell sharply Monday as reports of new cases of the coronavirus outside of China raised fears over the potential impacts of the outbreak on global economic activity.

February 24, 2020
Global Fears Spread to Domestic Markets as Coronavirus Hammers WTI, Stocks

Global Fears Spread to Domestic Markets as Coronavirus Hammers WTI, Stocks

The coronavirus reasserted its influence over the Lower 48 oil price outlook Monday as reports of new cases of the disease outside of China stoked fears both at home and abroad over the outbreak’s impact on global economic activity.

February 24, 2020

Insurance, Financial Support Dwindling for Oilsands, Coal and Arctic Drilling

Insurance giant The Hartford this month instituted a policy to no longer insure or invest in companies that generate more than one-quarter of their revenues or energy production from oilsands or coal.

December 24, 2019
Natural Gas Downside Seen as Saudi Attack Serves Up Stark Reminder of Oil’s Geopolitical Risks

Natural Gas Downside Seen as Saudi Attack Serves Up Stark Reminder of Oil’s Geopolitical Risks

A major attack on Saudi Arabia’s oil infrastructure over the weekend rocked crude prices, sounding an alarm that markets may have previously discounted the extent of geopolitical risks to supply, according to analysts.

September 16, 2019
Natural Gas, NGL Prices Subdued Through 2021, Says Goldman

Natural Gas, NGL Prices Subdued Through 2021, Says Goldman

Goldman Sachs on Friday reduced its forecast for natural gas and liquids prices for 2020-2021 because of the unrelenting onslaught in Lower 48 supplies and, barring a cold winter, lower demand.

September 9, 2019
Riverstone, Goldman Paying $1.6B for Permian-Focused Lucid II Gas Processing Assets

Riverstone, Goldman Paying $1.6B for Permian-Focused Lucid II Gas Processing Assets

Riverstone Holdings LLC and Goldman Sachs Group Inc. are flexing their financial muscle in the Permian Basin, agreeing to pay $1.6 billion for a portfolio of natural gas processing properties in the Delaware sub-basin of New Mexico.

January 8, 2018
Oil Pullback by Global Operators Facing Headwinds from Potential U.S. Shale Response

Oil Pullback by Global Operators Facing Headwinds from Potential U.S. Shale Response

Energy stocks were rising with oil prices after countries closely aligned with the Saudi Arabian-led Organization of the Petroleum Exporting Countries (OPEC), including Russia, signaled on Saturday they would reduce their production for at least six months beginning Jan. 1. However, the U.S. response may already be underway, as rigs rise in the onshore.

December 12, 2016

Baker Hughes Launches North American Onshore Pressure Pumper with CSL, Goldman Assist

Baker Hughes Inc. late Tuesday said it was teaming up with a Goldman Sachs unit and a private equity firm to create a pure-play North American land pressure pumping company under the BJ Services Co. brand.

November 30, 2016
Goldman Credits ‘Shale Productivity Scenario’ in Higher U.S. Oil Price Forecast

Goldman Credits ‘Shale Productivity Scenario’ in Higher U.S. Oil Price Forecast

U.S. oil prices should hold between $50-60/bbl through 2020 on improved unconventional productivity and increased overseas supplies, Goldman Sachs is forecasting.

May 23, 2016
Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Productivity gains made in U.S. unconventional oilfields were solid last year and now are melding into more quality driven gains, improved by optimizing targets and increasing fractures, Goldman Sachs & Co. said Wednesday.

April 13, 2016