The American Bank, “Goldman Sachs”, expected that the global benchmark Brent crude prices for the third and fourth quarters of this year will range between $110 and $125 a barrel, compared to $130 to $140 a barrel in its previous estimates, while it kept its price forecast for 2023 unchanged at $125 a barrel. .
The bank, in a report today, said that global demand for oil may grow by 1.2 million barrels per day in the second half of this year, and by two million barrels per day next year.
He added that the reasons that push oil prices to rise are still strong, amid a deficit in the current supply that is much more than its expectations in the past few months, despite its recent decline due to several factors, including fears of a global recession.
The report also expected that gasoline and diesel prices at gas stations in the United States would rise to $4.35 and $5.50 per gallon, respectively, by the fourth quarter of this year, and average $4.40 and $5.25 next year.
Data from the American Automobile Association showed that the average price of gasoline at US gas stations peaked at $5.02 per gallon in mid-June.