Goldman Sachs: Oil Prices To Average $135 Per Barrel This Year

Oil prices are set to average $135 per barrel this year as the world could face the “largest energy supply shocks ever” with Russian crude struggling to make it to the market, according to Goldman Sachs. The investment bank significantly hiked its oil price forecasts for 2022 and 2023. Goldman now sees the spot Brent Crude price averaging $135 a barrel this year, up from $98 expected earlier. The forecast for 2023 is now $115 a barrel spot Brent, compared to $105 previously.  Although Russia’s exports are not under sanctions…