(Reuters) – Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to ease. After the benchmark contracts jumped more than $3 in the session, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel …
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Goldman Sachs on Thursday raised its Brent crude oil price forecasts, projecting $86 a barrel for the second half of 2024, up from $85 previously, and $82 for 2025, up from $80.It said prices were likely to stay at the higher end of its forecast range, citing disappointing U.S. supply and a likely sticky geopolitical …
Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025 Read More »
Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
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BP said the organizational changes will reduce duplication and reporting line complexity.
