Oilfield Services To See Spending Surge In 2017

Quick Take: 2017 Oilfield Service and Drilling Outlook from Bloomberg Intelligence Bloomberg Intelligence (BI) analysts Andrew Cosgrove and William Foiles presented a briefing on Wednesday on the outlook for U.S. oil services and drilling. The bottom line: U.S. shale developers will lead a rebound in oilfield service activity in 2017. Oil Price and CapEx Outlook The Bloomberg analysts expect the global oil market to tighten throughout next year, with demand expected to catch up with supply and inventories being gradually drawn down. But higher…

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Three Big Breakthroughs Sure To Give Gold Prices A Boost

Gold has subsided that last two months — giving back much of the stellar gain the metal enjoyed at the beginning of 2016, to a current price of $1,130 per ounce. But news this week suggests bullion may be about to get a lift. From a number of different markets across the world. Firstly, in the world’s largest gold-buying nation, India. Where reports emerged this week that the government may be about to cut import taxes on gold. Bloomberg cited unnamed sources Wednesday as saying that the government is looking to drop gold import duties…

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Three Big Breakthroughs Sure To Give Gold Prices A Boost

Gold has subsided that last two months — giving back much of the stellar gain the metal enjoyed at the beginning of 2016, to a current price of $1,130 per ounce. But news this week suggests bullion may be about to get a lift. From a number of different markets across the world. Firstly, in the world’s largest gold-buying nation, India. Where reports emerged this week that the government may be about to cut import taxes on gold. Bloomberg cited unnamed sources Wednesday as saying that the government is looking to drop gold import duties…

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The Craziest Oil Price Predictions For 2017

Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since the oil price crash began. Analysts have forecast prices in the range US$10 to US$70 at various points this year, and actual prices have also had a bumpy ride, with WTI Crude ranging from below US$30 in January 2016 to a 17-month high briefly touching over US$55 on December 12, 2016. Heading into 2017, the oil price predictions by major organizations and investment banks are generally not widely diverging…

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