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Trading Ideas

Coronavirus crisis a 'game changer' for oil sector – Goldman Sachs

Crude prices suffered another sharp fall on Monday as the pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. “If pipelines get clogged up as refineries shut down, inventories cannot build, reducing the cushion and creating a very quick risk reversal towards oil shortages,” Goldman said in a note. This would in turn cause an oil shortage, pushing prices above the Wall Street bank’s $55 a barrel target for 2021, it said. …read more […]

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Business News

Exclusive: American Airlines in talks to hire Millstein for aid advice

American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.

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Business News

Exclusive: American Airlines in talks to hire Millstein for aid advice – sources

American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.

…read more […]