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Goldman lowers 2027 Brent oil forecast on supply growth, demand risks

Energy Markets & PricesCommodities & Raw MaterialsAnalyst EstimatesAnalyst InsightsGeopolitics & War

Goldman Sachs cut its 2027 average Brent oil price forecast to $80 a barrel, citing stronger supply growth and persistent demand weakness. The bank also warned that prices could swing sharply depending on geopolitical scenarios, highlighting elevated uncertainty in the oil market.

Analysis

Goldman Sachs cut its 2027 average Brent oil price forecast to $80 a barrel, citing stronger supply growth and persistent demand weakness. The bank also warned that prices could swing sharply depending on geopolitical scenarios, highlighting elevated uncertainty in the oil market.

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mildly negative

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