Oil price forecasts at $100 bpd 'unjustified': Goldman Sachs

Global oil price predictions at $100 per barrel (bpd) are yet "unjustified", Jeff Currie, global head of commodities for Goldman Sachs, told Bloomberg, giving a less bullish outlook for oil prices for now.

"It's definitely not our base case. I'm not saying it cannot happen, but it would require a sustainable outage in Iranian exports going down to zero plus another disruption someplace like Venezuela," he said. 

Iranian crude exports are decreasing much faster than many analysts anticipated ahead of planned U.S. sanctions on the country's oil sector starting November 4.

Giving an accurate call for oil prices once the sanctions officially come down is impossible now, because it is not clear how many barrels will ultimately vanish from the market, Currie said.

Oil prices are still not a problem today, he added, noting that a problem could arise going forward amid predictions that crude prices will reach $100 bpd.