Oil prices will surge to $100 this year, Goldman Sachs warns
CNN
Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way.
In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing "robust fundamentals" in the oil market, a "surprisingly large" supply deficit and diminishing firepower from OPEC and its allies. Goldman Sachs (GS) also pointed to diminished appetite to invest in oil due to the energy transition.
By summer, the bank expects oil inventories in advanced economies will sink to their lowest level since 2000.
A statue of Christopher Columbus has been erected outside of an ornate federal office building on the White House grounds — the latest sign of the Trump administration’s efforts to reshape cultural and historical representations across the nation’s capital.
Kentucky Gov. Andy Beshear, speaking in JD Vance’s home state of Ohio on Saturday, tore into the vice president, questioning his Appalachian roots and telling voters they “deserve better.”
President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
Cuba is working to restore the electricity supply after another island-wide blackout left more than 10 million people without power.
President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will help with security at entrances and exits to ease the Transportation Security Administration’s workload.
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.
President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will assist with security at entrances and exits to ease TSA workload amid a partial government shutdown.
Janet Mills and her allies are counting on a gender gap to narrow Platner’s wide lead ahead of the June 9 primary to decide who will face incumbent Republican Sen. Susan Collins. They are betting that the unfiltered style that has brought Platner widespread attention as someone who could help Democrats reach young men will backfire with women.
Why do people “pledge allegiance” to a “state” that is no longer a state? And what spurs someone to not just attack innocent people, but to then make a statement of loyalty while doing so?
A Supreme Court case examining state deadlines for election ballots sent in the mail is just the tip of the spear in President Donald Trump’s war on mail-in voting.
As a shrinking number of Transportation Security Administration agents work to keep hourslong security lines moving despite not being paid, President Donald Trump stepped into the fray Saturday, announcing he will send Immigration and Customs Enforcement officers to airports by Monday if Congress doesn’t agree to a plan to end the partial government shutdown.
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.