Goldman sees softer oil demand, flags two-sided risks to 2026 price outlook

Goldman Sachs said softer oil demand and easing supply disruptions have offset each other in its oil price outlook, leaving its 2026 average forecasts unchanged. The update is largely neutral and suggests a balanced near-term risk profile for crude, with no change to the bank's longer-dated price view.

Analysis

Goldman Sachs said softer oil demand and easing supply disruptions have offset each other in its oil price outlook, leaving its 2026 average forecasts unchanged. The update is largely neutral and suggests a balanced near-term risk profile for crude, with no change to the bank's longer-dated price view.