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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)
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