{"id":426833,"date":"2021-07-22T08:20:56","date_gmt":"2021-07-22T02:50:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426833"},"modified":"2021-07-22T09:34:23","modified_gmt":"2021-07-22T04:04:23","slug":"goldman-cuts-q3-brent-forecast-to-75-a-barrel-on-delta-demand-hit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-cuts-q3-brent-forecast-to-75-a-barrel-on-delta-demand-hit\/","title":{"rendered":"Goldman cuts Q3 Brent forecast to $75 a barrel on Delta demand hit"},"content":{"rendered":"<p>(Reuters) &#8211; Goldman Sachs on Tuesday reduced its forecast for Brent crude oil to $75 a barrel for the third quarter, $5 lower than its previous estimate, as a surge in Delta variant COVID-19 cases takes a toll on demand.<\/p>\n<p>Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost output. <\/p>\n<p>&#8220;Our oil balances are slightly tighter in 2H21 than previously, with an assumed two-month 1 mb\/d demand hit from Delta more than offset by OPEC+ slower production ramp-up,&#8221; Goldman said.<\/p>\n<p>The bank now projects a third-quarter deficit of 1.5 million bpd versus 1.9 million bpd forecast previously.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Goldman Sachs on Tuesday reduced its forecast for Brent crude oil to $75 a barrel for the third quarter, $5 lower than its previous estimate, as a surge in Delta variant COVID-19 cases takes a toll on demand. Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost output. &#8220;Our oil balances are slightly tighter in 2H21 than previously, with an assumed two-month 1 mb\/d demand hit from Delta more than offset by OPEC+ slower production ramp-up,&#8221; Goldman said. The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-426833","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426833","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=426833"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426833\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}