Crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia in 2018.
Simon Dawson | Bloomberg | Getty Images
Goldman Sachs cut its oil price forecast for the fourth quarter of 2022 by $10 to $100 a barrel, citing rising Covid concerns in China and a lack of clarity about the Group of Seven’s plan to cap Russian oil prices.
“The market is rightly concerned about forward fundamentals due to significant Covid cases in…
