{"id":41822,"date":"2021-02-22T13:22:00","date_gmt":"2021-02-22T09:22:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41822"},"modified":"2021-02-22T12:52:15","modified_gmt":"2021-02-22T08:52:15","slug":"goldman-raises-its-forecast-for-brent-price-in-q3-to-75-a-barrel","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/goldman-raises-its-forecast-for-brent-price-in-q3-to-75-a-barrel\/02\/22\/market-updates\/","title":{"rendered":"Goldman Raises Its Forecast For Brent Price in Q3 to $75 a barrel"},"content":{"rendered":"\n<p>Goldman Commodities Research raised its Brent crude oil price forecast of $10 for Q2 and Q3 of 2021, indicating lower expectations for stocks and higher cost margins for resuming upstream activities and speculative inflows.<\/p>\n\n\n\n<p>The American bank expects Brent prices to reach $70 a barrel in Q2, from the $60 it had previously expected, and to reach $75 in the Q3 from $65 previously.<\/p>\n\n\n\n<p>The bank now expects global oil demand to reach 100 million barrels per day by late July 2021, compared to its previous forecast for August 2021.<\/p>\n\n\n\n<p>Oil prices rose on Monday as the slow return to US crude production, which has been reduced by freezing weather, sparked supply concerns while demand recovers.<\/p>\n\n\n\n<p>Goldman expects the freezing weather in Texas to lead to a global deficit of 1.5 million barrels per day this month and cut production by 0.2 million barrels per day in March due to damaged infrastructure and other factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Commodities Research raised its Brent crude oil price forecast of $10 for Q2 and Q3 of 2021, indicating lower expectations for stocks and higher cost margins for resuming upstream activities and speculative inflows. The American bank expects Brent prices to reach $70 a barrel in Q2, from the $60 it had previously expected, and &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7238,6858],"class_list":["post-41822","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-goldman-sachs","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41822"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41822\/revisions"}],"predecessor-version":[{"id":41823,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41822\/revisions\/41823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35469"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}