Goldman Sachs offers a mixed outlook for crude oil, citing rising prices driven by concerns over Syria and China’s monetary policy. A key factor for oil price support is increased demand from India, which has seen a 400k b/d rise in consumption in 2024, with a 300k b/d increase projected for 2025, accounting for 30% of global demand growth. Goldman expects OPEC members to restore output cuts from July to October to meet seasonal demand.