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Goldman Sachs has revised its global oil demand forecast, but left price target unchanged
Goldman revised its global oil demand forecast for the year higher based on a less pessimistic growth outlookmaintained its 12-month Brent price projection of $93/bblarguing that higher realized inventories offset the demand boostMore:GS estimate global oil demand rose to 102.8M bbl/day in Julyan all-time highAnticipate solid demand driving a larger than expected 1.8M bbl/day deficit in H2 of this year, and further out a 600K bbl/day deficit in 2024 This article was written by E...
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Posted: Aug 1 2023, 00:20
Author Name: forexlive
Views: 111023