Analysts at Goldman Sachs said in their latest oil price outlook, they see Brent to average at $90/barrel (Bbl) in Q2 2023 as against the previous forecast of $105/Bbl.
Additional quotes
Oil prices seen gradually rising to $100/Bbl by December.
Expected to stay at $100/Bbl in 2024, assuming OPEC boosts output by 1 million bpd in H2.
If OPEC stays Put, Brent ‘likely to reach’ 107/Bbl in Dec.
Assume OPEC will reverse production cut at its June meeting.
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