21/12/2015at 09:10

Goldman Sachs: Oil slide will not stop before USD 20

The bottom is still a long way off, warns US-based investment bank Goldman Sachs. The price could end as low as USD 20.

BY RITZAU FINANS

The price of oil has already plummeted dramatically and looks set to slide all the way down to USD 20 - but then no further, projects investment bank Goldman Sachs according to cnbc.com.

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Goldman Sachs: Oil slide will not stop before USD 20

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Farstad could be forced to slash employees in 2016

Statoil slashes 1500 jobs

Offshore company Dolphin to file for bankruptcy

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Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

Energy crisis prompts strategy changes: German bank commits to offshore financing

Offshore carrier goes bankrupt after major claim and dispute among owners

Challenges mount for carriers in offshore wind market

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