10.8 C
London
Wednesday, March 22, 2023
HomeGoldman Sachs: Oil Prices To Hit $105 On Solid Demand Growth
Array

Goldman Sachs: Oil Prices To Hit $105 On Solid Demand Growth

Date:

Related stories

Oil Prices Drop Ahead Of Fed Announcement

After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...

European Spring? Germany Braces For Major Strikes While France Burns

European Spring? Germany Braces For Major Strikes While France Burns The "winter of discontent" that has been sweeping across Europe has now escalated into a "spring of discontent," with strikes and protests set to spread from France, Gree...

Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High

Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...

Consumer price index. UK, 09:00 (GMT+2)

At 09:00 (GMT+2) in the UK, February data on the consumer price index will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utili...

NATO Shouldn’t Trust Hungary And Turkey, Claims German Newspaper Die Welt

NATO Shouldn't Trust Hungary And Turkey, Claims German Newspaper Die Welt Authored by Denes Albert and John Cody via Remix News, Hungary is “authoritarian” and NATO should consider withholding sensitive information from Turkey and Hungary...
Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter, according to Goldman Sachs.   World oil demand is set to increase by 2.7 million barrels per day (bpd) in 2023 and the market would return to deficit in the second half of the year, the U.S. investment bank said in a note carried by The National. China’s re-opening and the huge crude oil import quotas just allocated to private refiners in the world’s largest crude oil importer…

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here