Price questions: the interesting vs. the important

04/11/2005
A jolting prediction from Goldman Sachs Group Inc., New York, brings attention to the distinctions between interesting and important questions in a strong oil market.Equity analysts at Goldman Sachs, which has a large energy-trading operation, on Mar. 31 lifted the upper limit in their range of possible crude oil prices to $105/bbl from $50/bbl.Mention of a three-figure crude price spooked the market. The May contract for US light, sweet crude on the New York Mercantile Exchange closed on the day of the Goldman Sachs report up $1.41/bbl at $55.40/bbl.During the trading day, the crude price reached as high as $56.10/bbl (OGJ Online, Apr. 1, 2005).Authors of the Goldman Sachs report think s...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected