Expected Rise In Oil Demand Ushers New Chapter For Major Deals In Kazakhstan
February 13, 2023 ⚊ 1 Min read ⚊ Views 56 ⚊ NEWS
Oil and gas investment is on the rise. Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as spare production capacity is depleted, posits Goldman Sachs Group Inc. With sanctions likely to cause Russian oil exports to drop significantly and Chinese demand expected to recover as the country ends its Covid Zero policy, prices are expected to rise above $100 from their current level of around $80, explains Goldman.
Tags: gasdemand, oilandgasdemand, oilandgasprice, oilprice
