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Goldman Sachs has revised its global oil demand forecast, but left price target unchanged

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... Read More
Posted: Aug 1 2023, 00:20
Author Name: forexlive
Views: 111023

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