Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

While fuel demand is gradually recovering as lockdown measures ease, a second coronavirus wave could quickly undermine the trend, industry data showed last week.A Reuters poll on Tuesday estimated oil prices will consolidate at around $40 a barrel this year, with a recovery gaining steam in the fourth quarter and into 2021 on OPEC-led production cuts and as economies limp back from coronavirus lockdowns.