Brent oil likely to drop to low-$50s in 2026: Goldman
MG News | September 04, 2025 at 02:53 PM GMT+05:00
September 04, 2025 (MLN): Global crude benchmark Brent is set to drop to the low-$50s a barrel next year on a global surplus, according to Goldman Sachs Group Inc.
“We still see the current oversupply in oil
markets intensifying,” analysts including Samantha Dart said in a note on
commodities including crude.
“We expect strong non-OPEC ex-US oil supply
growth to drive a 1.8 mb/d surplus in global markets in 2026, ultimately
pressuring Brent to the low $50s/bbl by late 2026,” they said.
Still, given OPEC+ spare capacity is moderating,
that leaves oil markets “more vulnerable to upward price spikes under a supply
disruption shock,” as reported by Bloomberg.
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