Goldman Sachs expects oil demand to hit record levels in 2022, 2023

Goldman Sachs expects average global oil demand to hit record levels in the next two years on the back of rising demand for aviation and transport, as well as infrastructure construction.

“You’ve already had record-high demand right before this latest variant and you’re adding higher jet demand and the global economy is still growing,” Damien Courvalin, Goldman’s head of energy research, told reporters.