Goldman Expects Oil Demand To Rebound To 100 Million Bpd By August ...Middle East

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Goldman Expects Oil Demand To Rebound To 100 Million Bpd By August
source : OILPRICE ( Middle East ) () 19
Goldman Sachs had another bullish message for oil markets this week, saying in a note that it expected global oil demand to recover to pre-pandemic levels of 100 million bpd by August this year. According to Goldman, the oil market was in a deficit of 2.3 million bpd in the final quarter of 2020. With supply still tight at the start of 2021, the immediate future for prices is bright despite expectations for a slow demand recovery. Even so, supply will grow this year, Goldman Sachs also noted, with the deficit narrowing to 900,000 bpd during the…

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