The oil market only moved into deficit late May and still faces the daunting challenge of normalizing a billion barrels of excess inventories, wrote Goldmans researchers including Damien Courvalin, Callum Bruce, and Jeff Currie.
An Oil Price Risk Premium Is Back After Drone Strikes In Saudi Arabia Wipe Out 5% Of Global Supply (CNBC) Jeff Currie, head of commodities research at Goldman Sachs, said in a research note published Sunday that the drone strikes were a historically large disruption on critical oil infrastructure.
Date: Sep 16, 2019
Category: Sports
Source: Google
OPEC meeting likely to end with no agreement on oil output, Iran minister says
"I think at this point right now, you can think about what Novak and the Russians are doing as throwing out very large numbers as really more of a negotiating position to get more market share," Jeff Currie, head of commodities research at Goldman Sachs, told CNBC's "Power Lunch" on Tuesday.
Date: Jun 20, 2018
Category: Headlines
Source: Google
OPEC and Allies Gather as Oil Market Warns Them: Job's Not Done
It is not in OPECs interest to extend its cuts beyond six months as its goal is to normalize inventories, not support prices, Jeff Currie, Goldmans head of commodities research, said in aMarch 14 report.
Date: Mar 23, 2017
Category: Business
Source: Google
OPEC agrees to first output cut in eight years as Saudis soften on Iran, oil price surges
The economics of the deal are incredibly appealing, Jeff Currie, global head of commodities research at Goldman Sachs Group Inc., said in an interview with Bloomberg Television. The main aim of the cuts is inventory normalization, he said.
Date: Nov 30, 2016
Source: Google
Copper explodes above $6000 with prices set for best week ever
Goldman Sachs Group Inc. analysts including Max Layton and Jeff Currie said in a research note that coppers rally could reverse abruptly in the first quarter on a pickup in supply and slowing demand and credit growth in China. The bank favors zinc and nickel in 2017, which are either in deficit or
Date: Nov 11, 2016
Category: Business
Source: Google
The Glut Strikes Back as Oil Returns to Brink of Bear Market
The latest challenge for the market is a shift in the surplus from crude to products, Jeff Currie, head of commodities research at Goldman Sachs in New York, said in a Bloomberg Television interview Wednesday. Refiners churned out gasoline earlier in the year to take advantage of cheap crude, and
Date: Jul 29, 2016
Category: Business
Source: Google
Why oil majors still pay lush dividends as profits plunge
Trouble is, even if the oil price does climb to $60, Goldman Sach's (GS) head of commodities research, Jeff Currie, argued that the Big Four won't be able to keep paying so lavishly. The commitment to high dividends was struck during better days for the energy sector, he said.
Jeff Currie 1999 graduate of Maryvale High School in Phoenix, AZ is on Memory Lane. Get caught up with Jeff and other high school alumni from Maryvale High School.