Oil News

Goldman Sachs said that shortages will reappear in the crude oil marketas supply fails to keep pace with a recovery in demand.

Crude may rise on supply shortages says Goldman Sachs

Oil consumption will return to levels seen before the financial crisis

Goldman Sachs said that shortages will reappear in the crude oil marketas supply fails to keep pace with a recovery in demand. Global oilconsumption will return to levels seen before the financial crisis bythe third quarter of this year, Goldman analyst Jeffrey Currie said ina presentation in London today. At the same time, projects to bring newoil to consumers are still lagging as a result of the credit crunch, hesaid.