South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.

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Global Oil & Gas: “Oil Prices Set For Rebound In 2019” – Goldman

Global Oil & Gas: “Oil Prices Set For Rebound In 2019” – Goldman

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year and the first catalyst could come as early as this weekend at a G-20 summit in Argentina, where leaders could discuss the U.S.-China trade standoff and an OPEC idea to begin cutting production again.

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Global Markets: “Brent To Retest $80 This Year” – Goldman Sachs

Goldman Sachs—which has been bullish on oil for most of this year— continues to expect that Brent Crude prices could retest the $80 a barrel threshold this year, but probably only late in 2018, not this summer, as uncertainties mount over the timing and magnitude of global supply disruptions.

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Global Markets: “OPEC Must Raise Production” – Goldman Sachs

While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs continues to be very bullish on oil, and thinks that OPEC not only needs to lift production, but it is mandatory that they do so.

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Global Markets: Goldman Sees Geopolitics Haunting Oil Again With Unclear Effects

The oil market is grappling with intensifying geopolitical risks as uncertainty swirls over the impact of tensions surrounding nations such as Iraq, Iran and the U.S., according to Goldman Sachs Group Inc, according to Bloomberg.

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