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jxyzobrien

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jxyzobrien

Re: haha11 post# 15126

Monday, 08/03/2020 12:36:27 PM

Monday, August 03, 2020 12:36:27 PM

Post# of 33710
oil
news is all positive today


Goldman Sachs is telling clients that it reaffirmed the positive oil and gas price outlook in the US for 2021 as exploration and production companies that just reported earnings are now prioritizing debt reduction. Comments from producers indicate they're focused on maintenance and a "conservative path to growth through at least 1H21." Goldman also reduced its oil supply outlook for next year as oil companies such as ExxonMobil (XOM) and Chevron (CVX) move to cut their production.
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