Goldman: European Oil Major Stocks Poised To Rally This Year ...Middle East

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Goldman: European Oil Major Stocks Poised To Rally This Year
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The expected recovery of global oil demand for transportation and more positive earnings this year, compared to the nightmare of 2020, are setting the stage for a rally in the stocks of the biggest European oil companies, Goldman Sachs says. Shares in Europe’s Big Oil could jump by between 20 percent and 50 percent over the next year, thanks to recovering demand and the potential launch of share repurchases, Goldman Sachs analysts led by Michele Della Vigna said in a note as carried by Barron’s. “A transportation recovery can…

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