571-million
Oil rally to resume later this year, demand to offset glut: Reuters poll
July 29, 2016 by publisher · Leave a Comment
A survey of 29 economists and analysts forecast Brent crude will average $45.51 per barrel in 2016, up marginally from last month's forecast of $45.20, and about $3.55 higher than the $41.96 average so far this year. “We project solid global demand growth in 2016 (1.4 million barrels per day), and a reasonable growth in 2017 (+1.1 MMBbl/d), mostly driven by China, India and Africa. As such, demand should help to drive prices higher,” said Raymond James analyst Luana Siegfried.
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Oil rally to resume later this year, demand to offset glut: Reuters poll
571-million
Credit Suisse to create U.S. banking business for billionaire
July 29, 2016 by publisher · Leave a Comment
Credit Suisse Group AG , which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with
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Credit Suisse to create U.S. banking business for billionaire
571-million
Chevron posts largest quarterly loss since 2001 on weak oil prices
July 29, 2016 by creative · Leave a Comment
HOUSTON (Reuters) – Chevron Corp, the second-largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. The company lost $1.47 billion, or $1.07 per share, compared with a net profit of $571 million, or 30 cents per share, in the year-ago period. Production fell about 3 percent to 2.53 million barrels of oil equivalent per day (boe
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Chevron posts largest quarterly loss since 2001 on weak oil prices