Saudi Press

Saudi Arabia and the world
Sunday, Aug 31, 2025

0:00
0:00

"Oil Prices on the Rise: Goldman Sachs Predicts a Third-Quarter Surge"

Summary:
In today's news, oil prices have shown an upward trend, fueled by anticipation of increased fuel demand this summer.

This optimistic outlook is tempered by a stronger US dollar, as expectations for immediate cuts to US interest rates have diminished.

Notably, Goldman Sachs analysts forecast Brent crude to reach $86 per barrel in the third quarter.

This prediction is based on the expectation of robust summer transport demand, which could potentially create a deficit of 1.3 million barrels per day in the oil market.

As of 11:15 a.m. Saudi time, Brent crude futures have risen by 0.4 percent to $79.90 a barrel, while US West Texas Intermediate crude futures have climbed 0.5 percent to $75.89.

Stay tuned for more updates on this developing story.

Title: "Oil Market Outlook: UBS Predicts Rally Amidst OPEC+ Uncertainty"

Summary:

In a recent report, UBS analysts have expressed optimism about the oil market, predicting larger inventory declines in the coming weeks.

This optimism comes despite oil posting three consecutive weekly losses due to concerns about OPEC+ plans to increase production from October.

These concerns have added to the rising supply, causing oil inventories to increase.

However, energy consultancy FGE shares UBS's optimism, forecasting oil prices to reach the mid-$80s by the third quarter of this year.

Stay tuned for more updates on this developing story.

Title: Global Market Trends: A Look at Recent Developments

Summary:

In this week's newsletter, we delve into the latest market trends.

Financial Group Europe (FGE) predicts a firming up of the market, but emphasizes the need for a clear indication of tightening from preliminary inventory data.

The market has been affected by a strong dollar, which rallied after the US jobs data release caused investors to adjust their interest rate expectations.

Meanwhile, the euro weakened following French President Emmanuel Macron's announcement of a snap parliamentary election.

The strengthening US currency has made dollar-denominated commodities, such as oil, more expensive for holders of other currencies.

Stay tuned for more insights on these developments and their potential impact on the global economy.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
×