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$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning

7 hours U.S. State And Local Officials Call On Biden To Ban New Oil Permits 9 hours Venture Capital Bets Big On Texas As World Capital Of Clean Energy Tech 10 hours How The Clean Energy Megatrend Impacts The World Order 11 hours Pro-Business Conservative Wins Presidential Election In Oil Producer Ecuador 12 hours Japan To Pour 1 Million Tons Of Contaminated Fukushima Water Into Ocean 1 day U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels 1 day Big Oil’s Reserves Have Dropped By 25% Since 2015 1 day Russia Raids Home Of Journalist For Investigating Prominent Oil CEO 1 day Aramco To Sell Pipeline Stake To EIG For $12 Billion

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Oil at $100?: Supercycle predictions divide veteran traders

Article content Two of the biggest banks on Wall Street are calling a new “supercycle” in oil, with JPMorgan Chase and Goldman Sachs both predicting prices will soar when the pandemic abates. The most bullish forecast has international crude prices staging a comeback towards the US$100-a-barrel region a level not reached since 2014. The expected surge is predicated on the belief that fiscal stimulus will boost consumption just as investment in new production has been sucked out of the industry. Such a disconnect between demand and supply, fuelling a lasting surge in prices, are the basic conditions of a so-called supercycle.

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A warning from God makes Rajinikanth break the promise of launching a political party

A warning from God makes Rajinikanth break the promise of launching a political party Sriram IyerDec 29, 2020, 13:33 IST Actor and activist RajinikanthBCCL Actor Rajinikanth announced that he will not be taking the political plunge and launching his own party as promised in 2021 citing a ‘warning from God’. He was recently discharged from a Hyderabad hospital after being treated for blood pressure fluctuations. The 70-year old asserted that he will continue to serve the people of Tamil Nadu in whatever way he can without entering electoral politics.Tamil Nadu is bracing for the state assembly election in 2021. A big chunk of the polity i.e. the fans of Rajinikanth have already been disappointed by the Super Star, who has, once again, decided not to launch a political party.

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