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Goldman: $50 Oil More Profitable Than $100 Oil

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Posted by OilPrice.com

on Friday, 04 August 2017 06:45

b48e226cedc003abf643fa017e783415Big international oil companies are currently generating more cash at around-US$50 oil price than they did when the price of oil exceeded US$100 in early 2014, Goldman Sachs reckons.

“Simplification, standardization and deflation are repositioning the oil industry for better profitability and cash generation in the current environment than in 2013-14 when the oil price was above $100 a barrel,” Goldman Sachs analysts said in a research note on Wednesday, as quoted by Bloomberg.

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