Business
Why this Goldman Sachs forecast could see these 3 ASX energy shares lift off
Like it or not, fossil fuels are going to be powering much of our energy needs for decades to come.
Despite the rise of electric vehicles, that remains particularly true for many of our cars and trucks. Not to mention boats, planes and… well, you get the idea.
Yes, the price of oil crashed in 2020. With demand evaporating as COVID-19 travel restrictions idled planes, boats and cars, Brent crude oil tumbled to US$19.33 a barrel on 21 April last year.
Since then energy prices have been steadily regaining lost ground. Brent crude currently is worth US$57.67 per barrel. That’s up 54% (from US$37.46 per barrel) just since 30 October.
Part of the price rise is due to increased demand as parts of the world relaxing some of the…
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