{"id":401718,"date":"2021-02-23T11:51:20","date_gmt":"2021-02-23T06:21:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401718"},"modified":"2021-02-23T11:51:20","modified_gmt":"2021-02-23T06:21:20","slug":"goldman-sees-brent-oil-at-75-as-supply-response-trails-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-sees-brent-oil-at-75-as-supply-response-trails-demand\/","title":{"rendered":"Goldman sees Brent oil at $75 as supply response trails demand"},"content":{"rendered":"<p>Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc.<\/p>\n<p>Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain \u201chighly inelastic&#8221; to the rising prices, the bank said in a note. Goldman raised its Brent forecasts by $10 a barrel, to $70 next quarter and $75 in the following three months.<\/p>\n<p>\u201cThis faster re-balancing during what was expected to be the dark days of winter will be followed by a widening deficit this spring as the ramp-up in OPEC+ production lags our above-consensus demand recovery forecast,&#8221; bank analysts including Damien Courvalin said in the note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc. Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain \u201chighly inelastic&#8221; to the rising prices, the bank said in a note. Goldman raised its Brent forecasts by $10 a barrel, to $70 next quarter and $75 in the following three months. \u201cThis faster re-balancing during what was expected to be the dark days of winter will be [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-401718","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401718"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401718\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}