17:00 - 24.07.2023

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July 24, Fineko/abc.az. Analysts of American investment bank Goldman Sachs expect a record increase in oil consumption in the 2nd half of 2023, ABC.AZ reports with reference to CNBC.

"We expect fairly noticeable deficit [of global oil supply] in the 2nd half of 2023, which will reach almost 2 million b/d in the 3rd quarter due to the fact that global demand will set an absolute record," said Daan Struven, head of the bank's oil market research department.

According to Goldman Sachs estimates, in the same period, the price of oil will increase from $80 to $86 a barrel.