The investment bank has predicted a “new supercycle” for energy assets this year
Strengthening global demand and China’s reopening may push oil prices above $100 per barrel this year, Oil Price reported on Tuesday, citing a recent forecast by Goldman Sachs.
The US investment bank expects Brent crude to trade at $105 per barrel by the fourth quarter of 2023 and says oil demand will surge by 2.7 million barrels per day (bpd) this year. However, in the second half of 2023 the market may return to a deficit, economists warned.
The forecast comes as China announced massive oil-import quotas after reopening its borders and giving permission to 44 private refiners to import 111.82 million metric tons of crude, Bloomberg reported, quoting traders familiar with the issue.
Oil prices surged by 4% on Monday on news about Asia’s biggest economy reopening, giving grounds for expectation that strengthening growth in global demand would allow the OPEC+ alliance to unwind its October production cut in the second half of the year......More Below
https://www.rt.com/business/569661-goldman-sachs-oil-price-forecast/
China has suspended several 2025 export controls on strategic materials — including rare earths, superhard materials, and lithium batteries – for a year. Is this a concession to the US, or a move in a far more complex game?
"The first aim of China’s export controls was to consolidate its leverage in negotiations. The second was to establish a long-term framework for managing such controls," says Yana Leksyutina, deputy director at the Institute of China and Contemporary Asia, Russian Academy of Sciences (RAS).
Сhina could activate this mechanism at any moment, and now everyone knows it’s a lever it holds, she explains to Sputnik.
Balancing the Mineral Market
"The moratorium on export bans to the US essentially resets the rare earth market to where it was previously," Jeff J. Brown, author of 'The China Trilogy' and founder of Seek Truth From Facts Foundation, tells Sputnik.
In the meantime, there will be a global rush by the US and its NATO allies to acquire as many rare earth ...
The Israeli regime has reportedly signed contracts worth millions of dollars in recent months to sway American public opinion as part of attempts to launder the occupying entity’s genocidal war crimes against Palestinians in the besieged Gaza Strip.
Israeli daily Haaretz reported on Friday that the multimillion-dollar campaign aimed to reshape US public opinion, both online and offline, through coordinated influence operations combining digital marketing, AI, geotagging, and religious messaging.
The contracts, signed between the Israeli regime and firms linked to US President Donald Trump, reveal a “hasbara [propaganda] campaign” and schemes to target millions of US churchgoers, deploy bots, hire influencers, and try to make ChatGPT more pro-Israel.
The largest contract, worth $6 million, was signed with Clock Tower X, owned by Trump’s former digital campaign chief Brad Parscale, to produce and distribute roughly 100 core pieces of pro-Israel content per month and thousands......
