Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook.
Goldman analysts estimate global oil demand climbed to an all-time high of 102.8 million barrels per day in July and see solid demand driving a larger-than-expected 1.8 million bpd deficit in the second half this year and a 0.6 million bpd deficit in 2024.by the Organization of the Petroleum Exporting Countries to push up prices support Goldman's view on higher oil prices and an outlook for less volatility, the analysts wrote in a note.
Saudi supply cuts have brought back deficits, the Goldman analysts said, adding that they see the extra 1 million bpd Saudi cut to last through September and be halved from October. The bank maintained its $86 a barrel Brent forecast for December 2023, and it expects prices to rise to $93 per barrel in the second quarter next year as supply deficits continue.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How Goldman Sachs VP Galey Alix became an HGTV reality TV starAlix overcame an eating disorder and a tumultuous breakup with her fiancé to become a home-renovation star. Now she's poised for the big time.
Consulte Mais informação »
Brent Brennan, SJSU continue legacy of Arizona Wildcats football great Dick TomeySan Jose State football coach Brent Brennan is continuing the legacy of Arizona Wildcats football great Dick Tomey.
Consulte Mais informação »
Filmmaker Bo Goldman Rewrote Our Idea of What Movies Could Be“His films were wittier, more knowing, more sophisticated, more deeply entertaining, and thus more exciting than the work of almost any other writer of his generation,” Ronald K. Fried writes.
Consulte Mais informação »
The one thing Elon Musk, Ray Dalio, Apple and Goldman agree on: IndiaInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
NHRA 2023 Sonoma Nationals Final Qualifying, Sunday Pairings: Austin Prock Grabs First Top Spot This yearBob Tasca III takes top spot in Funny Car; Gaige Herrera holds on in Pro Stock Motorcycle.
Consulte Mais informação »
Good News Sunday: Addison girl with health issues receives puppy after loss of her dogIn this week's Good News Sunday column, we recap stories about a girl with health issues receiving a free puppy, an event offering free haircuts and school supplies to Elgin area kids, and a retired pastor who took an Honor Flight to Washington, D.C.
Consulte Mais informação »