Goldman Sachs oil price forecast sees Brent averaging $82/bbl by 2025

Goldman Sachs on its oil outlook:

• It says OPEC could extend cuts in June to higher inventories

• we no longer expect OPEC+ to announce a partial waiver of voluntary production cuts in June
• GS says its model now estimates just a 37 percent chance of a production hike decision in June
• GS still expects Brent to remain in a $75-$90 range in most scenarios
• and still forecast Brent to average $82/bbl in 2025