Goldman Sachs sees Brent crude rising to $65/b by the middle of 2021, up to six months earlier than previously forecast, as a demand boost from the rollout of COVID-19 vaccines and potential delays in restarting OPEC+ production keeps the oil market tight over the coming months. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Following Saudi Arabia’s surprise decision to slash another 1 million b/d from its crude production in February and March, Goldman noted that March production levels by the OPEC+ group will still be near the recent lows just even as global demand starts “rebounding sharply driven by warmer weather and rising vaccinations.” “With vaccines being rolled out across the world, the likelihood of a fast tightening market from […]