Goldman Sachs expects demand for oil to drop 10.5 million per day in March

US, WASHINGTON (ORDO NEWS) — Oil demand is expected to decrease 10.5 million barrels per day in March and 18.7 million barrels per day in April.

Global isolation measures lead to an unprecedented collapse in oil demand.

The massive demand shock will overshadow any supply response, including freezing / reducing production by major OPEC countries.

Risks of a more robust price recovery are increasingly expected, compared to a rise in a fundamental scenario again to $ 40 a barrel by Brent by the fourth quarter of 2020.


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