Goldman Sachs oil price forecasts show Brent to average US$82 / barrel through 2025

Goldman Sachs on its oil outlook:

• Says OPEC likely to extend cuts in June on higher inventories
• no longer expect
  OPEC+ to announce a partial unwind of voluntary production cuts in
  June
• GS says its model
  now estimates only a 37% chance of a production increase decision in
  June
• GS still expect
  Brent to remain in a $75-90 range in most scenarios
• and still forecast
  Brent to average $82/bbl in 2025

This article was written by Eamonn Sheridan at www.forexlive.com.