Your Gas Price Could Drop to $2.50

Your Gas Price Could Drop to $2.50

After $5 a gallon gasoline prices and $100 a barrel oil at the start of the Ukraine war, both of those numbers could fall by half by next year. Goldman Sachs forecast the price of Brent crude futures contracts could decrease to the low $50s a barrel by late 2026. This is due to an expected increase in the global oil surplus next year. West Texas Intermediate crude, which is usually priced below Brent, could decline even further. 24/7 Wall St. K…

Goldman Sees Oil Falling Below $55 in 2026

Goldman Sachs commodity analysts expect Brent crude to slump to the low $50s next year, citing an expected oversupply of some 1.8 million barrels daily towards the end of the year. The surplus will swell as soon as this year, the analysts also said in a client note cited by Reuters. The prediction is in tune with the International Energy Agency’s latest projection for the oil market. In it, the IEA projected supply growth of as much as 2.1 milli…

Goldman Sees Oil Falling Below $55 in 2026 and Pakistan Stands to Benefit

Oil price outlook from Goldman Sachs predicts Brent crude will fall into the low $55 range in 2026. The bank projects a global surplus of about 1.8 million barrels per day by late next year. Lower prices will reduce Pakistan’s fuel import bill and relieve pressure on the rupee and on domestic inflation. Global supply […] The post Goldman Sees Oil Falling Below $55 in 2026 and Pakistan Stands to Benefit appeared first on TechJuice.

Goldman Sachs Predicts Brent Oil Price Decline by Late 2026

Goldman Sachs has forecasted a significant decline in Brent oil prices by late 2026, raising concerns about global energy markets and Nigeria’s economic outlook.Goldman Sachs, a leading global investment bank, predicted a notable drop in Brent crude oil prices by late 2026, announced on August 26, 2025. The forecast, shared in a market analysis report, attributes the expected decline to shifts in global supply and demand dynamics. Analysts highl…

Goldman Sachs expects Brent to decline to low $50s by late 2026

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Goldman Sachs expects Brent to decline to the low $50s by late 2026

Bank expects a widening of the oil surplus next year