According to Reuters news agency, Goldman Sachs lowered its forecast for oil prices in 2023 and announced that global crude oil markets are expected to be oversupplied early next year, reducing the risk of price spikes in the winter. .

In a note, Goldman Sachs announced its forecast of the North Sea Brent crude oil index for the first and second months of 2023 at $90 and $95 per barrel, respectively, while earlier the price for this index in the first three months was $115 and It had predicted $105 per barrel for the second quarter.

This American bank announced that since China’s oil consumption is lower than expected and Russian oil exports have reached the levels before the beginning of the tensions between Moscow and Kiev, along with the reduction of production problems in Kazakhstan and Nigeria, the risk of an increase in oil prices this winter is less. It will be felt.

Goldman Sachs predicted that the oil market will end the last three months of 2022 with a surplus of 1.6 million barrels per day, while due to seasonal demand decline, the first three months of next year with a surplus of 1.3 million barrels. will face

Goldman Sachs predicted that global crude oil demand will grow by 2 million barrels per day in 2023 with the easing of restrictions related to Corona and the resumption of air travel.

Goldman Sachs forecast that the average price of Brent oil in 2023 will be $98 and WTI will be $92, so this figure is lower than the previous estimate of $110 for Brent and $105 for WT.

Goldman Sachs has announced that it expects Brent crude oil to reach $100-105 per barrel in the last two and three months of next year, which is still lower than the previous estimate of $110.