Photo: David McNew / Getty Images
Oil demand will return to pre-crisis levels by 2022, the forecast given by analysts Goldman Sachs, Reuters reports.
This should contribute to the resumption of travel to work, car use and increased public spending on infrastructure. It is expected that the demand for raw materials will fall this year by eight percent, and in 2021 it will increase by six percent. The Bank predicts that among the petroleum products the fastest way to restore the demand for gasoline.
According to the survey conducted by the Agency, the price of oil in 2020 will be at around $ 40 per barrel. Indicators should improve in the fourth quarter, but the second wave of the spread of coronavirus may interfere with the positive dynamics.
Earlier it became known that Europe risks to face an oil shortage within the next decade, this is stated in the study of the analytical center Shift Project. This is due to the fact that raw material extraction will decrease faster than the EU can overcome the dependence on fossil fuels.
Video, photo All from Russia.