Goldman to Oil Market: U.S. is New China
The oil market is on the cusp of a new cycle, Goldman Sachs (GS) said on Friday, with demand in the United States growing at a faster pace than in emerging economies such as China and India for the first time in a decade.
That’s likely to have profound implications for how oil markets operate, Jeffrey Currie, Goldman’s influential chief commodity analyst wrote in a note, which says there will be a “new oil order”.