Goldman Sachs predicts global oil demand will not return to pre-coronavirus levels until 2022 after a fall of 8% in 2020 and a rebound of 6% in ...
Goldman Sachs predicts global oil demand will not return to pre-coronavirus levels until 2022 after a fall of 8% in 2020 and a rebound of 6% in 2021.
Gasoline demand is expected to be the fastest to recover among oil products due to a transition in consumer behaviour from public commutes to private transport and increased use of cars compared to flights for domestic travel. Global demand will fall by 8% in 2020 and rebound by 6% in 2021, Goldman Sachs analysts said in a note published Thursday.
Diesel demand is expected to recover to pre-crisis levels by 2021, pushed by an increase in government-spending on infrastructure.The most accurate tech analyst on Wall Street says these 6 stocks have potential for huge gains as they transform the sectorGoldman Sachs' projection follows global oil prices recovering dramatically in May and June as economies eased lockdown restrictions and opened up across much of the world.
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