{"id":512966,"date":"2022-08-10T09:47:27","date_gmt":"2022-08-10T04:17:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512966"},"modified":"2022-08-10T10:42:22","modified_gmt":"2022-08-10T05:12:22","slug":"goldman-sees-strong-case-for-higher-oil-prices-despite-negative-shocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-sees-strong-case-for-higher-oil-prices-despite-negative-shocks\/","title":{"rendered":"Goldman sees strong case for higher oil prices despite negative shocks"},"content":{"rendered":"<p>Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including global recession concerns.<\/p>\n<p>The market will remain in unsustainable deficits at current prices and balancing it will still require &#8220;demand destruction on top of the ongoing economic slowdown,&#8221; the investment bank said in a note dated Aug. 7.<\/p>\n<p>Oil prices hovered near multi-month lows on Monday, pressured by lingering worries about an economic slowdown.<\/p>\n<p>Goldman said a divergence between benchmark Brent prices, which averaged $110 a barrel in June and July, and the corresponding Brent-equivalent global retail fuel price of $160 per barrel was not enough to trigger enough demand destruction to end the supply deficit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including global recession concerns. The market will remain in unsustainable deficits at current prices and balancing it will still require &#8220;demand destruction on top of the ongoing economic slowdown,&#8221; the investment bank said in a note dated Aug. 7. Oil prices hovered near multi-month lows on Monday, pressured by lingering worries about an economic slowdown. Goldman said a divergence between benchmark Brent prices, which averaged $110 a barrel in June [&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-512966","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\/512966","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=512966"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512966\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}