Goldman Sachs sees ‘high probability’ of OPEC cut — and expects oil prices to hit $110 next year

OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on the next phase of production policy.
Jeff Currie, global head of commodities at Goldman Sachs, said Tuesday that the medium-term oil outlook for 2023 was “very positive” and the bank plans to “stick to our guns” with a $110-a-barrel Brent crude forecast for next year.
He acknowledged, however, that there’s “a lot of uncertainty” ahead.