Goldman sachs: Oil Prices Face Two-Way Risks as Weak Demand Battles Middle East Supply Losses
June 1 — Goldman Sachs Group believes oil prices face two-sided risks as weak demand competes with supply losses in the Middle East caused by the war in Iran. Analysts including Daan Struyven said in a May 31 report that April oil sales data from Western Europe suggest a downside risk of about 2 million barrels per day to the bank’s already “very low” demand forecast for April. This adds downside risk of about $10 per barrel to its forecast of $90 per barrel for Brent crude in the fourth quarter. Goldman analysts said: “We believe that Middle East supply losses could last longer, posing significant upside price risks, but weak demand also presents significant downside price risks. Actual end-user oil demand may decline more than expected due to rising prices.”
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2026-07-30 17:16:15
Lianyungang petrochemical ps prices increase
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2026-07-30 16:11:34
Qualcomm and BMW Reach Long-Term Cooperation Agreement
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2026-07-30 16:03:25
Gotion High-Tech Reportedly Plans to Take a Stake in Volkswagen's Battery Plant in Spain
Spanish automotive industry media outlet *La Tribuna de Automoción* recently reported that Volkswagen and its partner Gotion High-Tech are engaged in in-depth discussions over the possibility of the Chinese battery maker taking a stake in Volkswagen’s battery plant in Valencia, Spain. Citing industry sources, the report said that Gotion High-Tech Chairman Li Zhen has led senior company executives on a visit to inspect the plant’s operations and related matters. -
2026-07-30 16:01:40
BMW Plans to Cut Thousands of Jobs in Germany by the End of 2027
Luxury carOn July 29, a spokesperson for automaker BMW said the company had reached a voluntary redundancy agreement with employee representatives and plans to cut thousands of jobs in Germany by the end of 2027. According to people familiar with the matter, BMW’s current plan is to reduce its workforce by about 8,000 employees in total, with most of the cuts coming from Germany. The layoffs would amount to about 5% of the company’s total workforce and would mainly target employees in R&D, planning, and other functional departments, while frontline factory workers would not be affected. The plan has not yet been formally announced. -
2026-07-29 14:03:36
Lianyungang petrochemical ps price increase
July 29 Report: Lianyungang Petrochemical (Satellite) raised its ex-factory PS prices by RMB 50–100/ton. Grade 525 is quoted at RMB 9,400/ton, 535T at RMB 9,400/ton, 535M at RMB 9,400/ton, modified benzene 88 at RMB 9,850/ton, and 888 at RMB 10,050/ton. The plant capacity is 400,000 tons. Prices are ex-works, subject to negotiation on a per-order basis.
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