© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Impact of AT1 On Japanese Banks Is Limited - Suzuki

MNI BRIEF: Aussie Feb Retail Sales Cool RBA Rate Expectations

MNI: PBOC Net Injects CNY225 Billion via OMOs Monday

Australia Feb Retail Sales +0.2% M/M

MNI: AUSTRALIA FEB RETAIL SALES +0.2% M/M

MNI: UK MAR BRC SHOP PRICES +0.8% M/M, +8.9% Y/Y

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

(RPT)MNI INTERVIEW:Ex-FDIC Chair Downplays Bank Contagion Risk

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Oil Prices To Rise Above $100/bbl By Fourth Quarter: Currie

OIL
BulletEnergy BulletsHomepageCommodities

Oil prices are expected to rise above $100/bbl by the fourth quarter of this year supported by the Chinese demand recovery, Jeff Currie, Head Of Commodities Research at Goldman Sachs said.

  • Talking about oil prices Currie Said: “The big event last year was that not Russia, it was China. Global oil demand contracted 2% in the fourth quarter of last year.”
  • “That created the spare capacity in oil, metals and everything and that manufacturing data that came out this morning says we are starting to reverse that.”
  • “We created the supply not through investment but by China contracting through lockdowns. Now if China comes back we are going to lose that spare capacity and we will have the same problems as we had before but even much worse because we haven’t invested”, he added
134 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Oil prices are expected to rise above $100/bbl by the fourth quarter of this year supported by the Chinese demand recovery, Jeff Currie, Head Of Commodities Research at Goldman Sachs said.

  • Talking about oil prices Currie Said: “The big event last year was that not Russia, it was China. Global oil demand contracted 2% in the fourth quarter of last year.”
  • “That created the spare capacity in oil, metals and everything and that manufacturing data that came out this morning says we are starting to reverse that.”
  • “We created the supply not through investment but by China contracting through lockdowns. Now if China comes back we are going to lose that spare capacity and we will have the same problems as we had before but even much worse because we haven’t invested”, he added