Goldman Sachs on Monday forecast a tighter oil market for longer amid strong demand growth and the likelihood that rising supply disruptions could counter any increase in OPEC production. “Our updated global supply-demand balance continues to point to further declines in inventories and higher oil prices in 2H18,” the bank said, reiterating its Brent price forecast for a peak of $82.50 per barrel during the summer and a year-end estimate of $75. “We continue, however, to view the risks to this forecast as skewed to the upside, even if concerns over demand and higher OPEC production weigh on prices near term.” Oil prices on Monday extended last week’s losses, partly on expectations that top suppliers Saudi Arabia and Russia could increase production after withholding output since the start […]