Goldman Sachs now forecasts $65 oil by July 2021 - Feb 1

[dan_s]

https://oilprice.com/Energy/Energy-Gene ... ugust.html

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.