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World Oil Demand Has Fallen More than Expected, Warns Goldman Sachs
Summary by El Economista
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Goldman Sachs said in a note published on Friday that global demand for oil has fallen more than expected, posing risks in both directions for his forecast of the price of Brent crude for the fourth quarter of 2026, of $90 per barrel, and for the WTI, of $83 per barrel.The bank estimated a drop in world demand for oil of between 4 million and 5 million barrels per day in April, as the closure of the Strait of Hormuz seems to have reduced global …
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