GS lowering oil price; still mega bullish though

Goldman: "we make two adjustments to our expectations. First, we reflect a larger than previously expected lockdown hit to 2Q22 Chinese demand alongside weaker expected global economic growth, partly offset by a larger deficit at the start of the year and sustained gas-to-oil substitution going forward. Second, we update our probability weightings for the potential losses of Russian export volumes, reflecting smaller odds of a very large disruption, with contracted barrels and concealed vessels