Goldman Sachs Expects Hurricane Irma to Hurt Oil Demand

Goldman Sachs Expects Hurricane Irma to Hurt Oil Demand

Hurricane Irma is expected by Goldman Sachs to have a negative impact on oil demand, but the firm said it sees a larger hit to oil demand from hurricane Harvey, “given the large concentration of energy-intensive petrochemical activity in its path.” The firm noted it doesn’t expect Irma, which made landfall Sunday in Florida, to have an impact on oil production or processing. “Although Irma will be a more powerful […]

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