{"id":1677054,"date":"2022-10-06T21:53:09","date_gmt":"2022-10-07T01:53:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677054"},"modified":"2022-10-06T21:53:33","modified_gmt":"2022-10-07T01:53:33","slug":"factbox-goldman-raises-oil-price-forecasts-on-opec-cuts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/factbox-goldman-raises-oil-price-forecasts-on-opec-cuts\/","title":{"rendered":"Factbox-Goldman raises oil price forecasts on OPEC+ cuts"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffactbox-goldman-raises-oil-price-forecasts-on-opec-cuts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677054&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     Goldman Sachs raised its oil price forecast for this year and next on expectations the 2 million barrels per day (bpd) output cut agreed by OPEC+ is \u201cvery bullish\u201d for prices.<\/p>\n<p>Goldman Sachs raised its 2022 Brent price forecast to $104 per barrel from $99 per barrel and for 2023 to $110 per barrel from $108 per barrel.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>If the latest reduction in output by OPEC+ is sustained through December 2023, it would amount to $25 per barrel upside to the Brent forecast, with potential for even higher prices should inventories fully deplete, Goldman Sachs said in a note dated Wednesday. <\/p>\n<p>Oil prices held near three-week highs after OPEC+ agreed on Wednesday to the largest reduction in production targets since 2020. [O\/R]\n<p>The following is a list of the latest brokerage forecasts for 2022 average prices per barrel for Brent and WTI (in $ per barrel):<\/p>\n<p>           Brokerage\/Agency                     Brent                WTI                 Date          <\/p>\n<p>                                                                                         Revised          <\/p>\n<p>                                                2022       2023      2022      2023                <\/p>\n<p>           Goldman Sachs                        104.00     110.00    98.00     105.00    Oct. 5          <\/p>\n<p>           Goldman Sachs                        102.00     108.00    93.00     103.00    Sept 27          <\/p>\n<p>           Barclays                             103.00     103.00    99.00     99.00     Aug. 16          <\/p>\n<p>           Fitch Solutions                      105.00     85.00     100.00    81.00     June 14          <\/p>\n<p>           Barclays                             111.00     111.00    108.00    108.00    June 6          <\/p>\n<p>           Citi Research                        99.00      75.00     95.00     72.00     June 6          <\/p>\n<p>           Commerzbank                          99.00      91.00     96.00     88.00     May 25          <\/p>\n<p>           *UBS                                 115.00     \u2014        \u2014        \u2014        April 11          <\/p>\n<p>           BofA Global Research                 104.48     100.00    100.00    95.00     April 11          <\/p>\n<p>           Barclays                             100.00     88.00     96.00     85.00     April 8          <\/p>\n<p>           Goldman Sachs                        135.00     115.00    \u2014        \u2014        March 8          <\/p>\n<p>           *UBS                                 105.00     \u2014        \u2014        \u2014        March 4          <\/p>\n<p>           Standard Chartered                   85.00                                    Feb. 25          <\/p>\n<p>           Commerzbank                          84.00      78.00     81.00     75.00     Feb. 15          <\/p>\n<p>           Barclays                             92.00                89.00               Feb. 14          <\/p>\n<p>           Barclays                             85.00                82.00               Jan. 24          <\/p>\n<p>           Morgan Stanley                       \u2014         95.00     \u2014        92.50     Jan. 20          <\/p>\n<p>           *UBS                                 85.00      \u2014        \u2014        \u2014        Jan. 19          <\/p>\n<p>           Fitch Solutions                      72.00      73.00     66.00     69.00     #Jan. 13          <\/p>\n<p>           JP Morgan                            88.00                84.00               Nov. 24          <\/p>\n<p>           ABN Amro                             79.00                76.00               Oct. 14          <\/p>\n<p>* indicates end-of-period forecast<\/p>\n<p># current as of given date, may not indicate date of revision    <\/p>\n<p>For a table of crude price forecasts as of Sept. 30, see<\/p>\n<p> (Reporting by Bengaluru Commodities desk; editing by Barbara Lewis)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/factbox-goldman-raises-oil-price\/attachment\/models-of-oil-barrels-and-a-pump-jack-are-displayed\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9601M-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9601M-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Goldman Sachs raised its oil price forecast for this year and next on expectations the 2 million barrels per day (bpd) output cut agreed by OPEC+ is \u201cvery<\/p>\n","protected":false},"author":66,"featured_media":1889548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1677054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/factbox-goldman-raises-oil-price\/?utm_source=rss&utm_medium=rss&utm_campaign=factbox-goldman-raises-oil-price","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1677054"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889548"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1677054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1677054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1677054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}