The demand for oil is growing, but the supply on the world market is insufficient to cover it. This pushes the prices up - since the end of November the Brent brand has risen by 25% and has now exceeded the mark of $88 per barrel. The deficit and the rise in price have increased after the events in Turkey, where an oil pipeline transporting oil from Iraq to Europe exploded. The operator did not name the date when it will be resumed, noting that it will happen after all the necessary work is done. Goldman Sachs expects oil prices to reach $100 per barrel this year. The bank estimates they will not go higher now due to crude shortages, but this can be expected next year, when it expects them to rise to $105. The bank expects the average price of oil to be $96 this year. In the first two months of this year, global demand will decrease by 0.7 million b / s due to increased coronavirus in China, according to Goldman. In the first quarter, demand will average 100.1 million bpd, in the second it will fall to 100 million, and in the third - fourth will grow to 101.5 million, analysts predicted the bank.