Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027
- Goldman Sachs raised its December price forecast for Brent crude to $105 per barrel from $90, and lifted West Texas Intermediate to $94, citing high supply disruption risks from Middle Eastern and Russia-Ukraine conflicts.
- ANZ commodity analysts noted that eight months of adapting to disrupted Middle Eastern supply have materially weakened buffers that initially absorbed the shock, prompting the firm to revise its Brent forecast up by 10%.
- Goldman lifted its 2027 average forecasts to $88 per barrel for Brent and $78 for WTI, nearly 17% higher than prior estimates, according to analysts Daan Struyven and Yulia Zhestkova Grigsby.
- Markets are pricing in a higher risk premium as traders expect a lasting diplomatic breakthrough remains difficult, despite recent three-day talks between Iranian and Qatari officials on a possible peace agreement.
- Goldman's base case now includes a global supply disruption allowance for 2027, as the timing and location of disruptions remain nearly impossible to predict amid Middle East and Russia-Ukraine conflicts.
25 Articles
25 Articles
Oil prices fall as Goldman Sachs raises December Brent crude forecast to $105
Global crude oil prices eased on Monday, even as Goldman Sachs raised its December Brent crude price forecast. A market survey by DAILY POST showed that Brent and West Texas Intermediate, WTI, crude benchmarks dropped to $108.90 and $99.73 per barrel, respectively, at the time of reporting. This means that both crude oil benchmarks declined […] Oil prices fall as Goldman Sachs raises December Brent crude forecast to $105
️ Goldman Raises Oil Forecasts Due to "Significant" Supply Risks
️ Goldman Raises Oil Forecasts Due to "Significant" Supply RisksThe bank's forecast includes a range of possible scenarios, with prices ranging from approximately $60 to $130, due to the difficulty in forecasting supply disruptions and risks.
Goldman Sachs analysts have increased oil price projections at the end of this year and the following year, against the backdrop of increased risks of fuel disruptions to the world market.
The Economic Times
Times of IndiaGoldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027
Goldman Sachs raised its oil price forecasts amid mounting geopolitical risks and potential Gulf supply disruptions. The bank warned Brent crude could reach $140 per barrel in 2027 under a prolonged supply shock scenario. Shipping attacks, infrastructure damage and Middle East tensions could sustain elevated oil prices and market volatility.
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