Goldman forecasts the biggest jump in oil demand ever

Goldman forecasts the biggest jump in oil demand ever

Goldman Sachs is forecasting the largest jump in oil demand on record as the world opens up again amid the Covid-19 vaccination rollout.

The firm is raising its outlook on oil based on this expected upswing in demand, noting that "the magnitude of the coming change in the volume of demand “” a change which supply cannot match “” must not be understated."