Goldman Sachs forecasts global oil demand will shrink 150K bbl/day this year
- global demand fall of 2.1M bbl/day in H1
Cuts its price forecast:
- Brent crude to $47/bbl in Q2 (from $57/bbl previously)
Citing the virus outbreak impact
Sees Brent prices lows at $45/bbl in April
- recovering to $60/bbl by year-end
