Mining Other
Posted By OrePulse
Published: 27 Aug, 2025 07:57
Goldman Sachs expects Brent to decline to the low $50s by late 2026
Goldman Sachs said on Tuesday it expects Brent prices to decline to the low $50s per barrel by late 2026 due to a widening of the oil surplus next year.
"We expect the oil surplus to widen and average 1.8 million barrels per day in 2025 Q4 - 2026 Q4, resulting into a nearly 800 million barrels rise in global stocks by end 2026," the bank said in a note. (Reporting by Brijesh Patel in Bengaluru; Editing by Muralikumar Anantharaman)
Related Articles
Endeavour announces transaction in own shares...
10 Sep, 2024 07:27
Ivanhoe Mines Announces MOU with Government of Zam...
10 Sep, 2024 12:24
Feasibility Study on Lumwana Super Pit Expansion E...
12 Sep, 2024 14:21
Endeavour achieves commercial production at BIOX e...
13 Sep, 2024 08:20
Roscan Gold Announces Changes to the Board of Dire...
16 Sep, 2024 10:40
Minerals Council pays tribute to Pravin Gordhan...
16 Sep, 2024 12:17
Notification of an acquisition of beneficial inter...
18 Sep, 2024 08:39
Newmont on track to get at least $2 billion from a...
18 Sep, 2024 10:49
UAE firm plans to invest $500m in Tanzania...
19 Sep, 2024 08:37
SkyJacks elevates innovation at Electra Mining Afr...
19 Sep, 2024 09:32Trending News
Energy Other
South Africa's top court blocks Shell's Wild Coast exploration plans...
14 Aug, 2026 17:36
128 min read
Energy Other
Nigeria's Dangote refinery plans retail-focused IPO, no foreign listing for now...
14 Aug, 2026 17:27
137 min read
Mining Other
China state iron ore buyer has supply deal with Anglo American, sources say...
14 Aug, 2026 17:08
145 min read