Brent oil likely to drop to low-$50s in 2026: Goldman

MG News | September 04, 2025 at 02:53 PM GMT+05:00

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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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ALLSHR	98,620.11 386.58M	-0.91% -906.77
KSE30	47,823.16 51.47M	-1.02% -490.65
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,785.00	81,450.00 80,440.00	-420.00 -0.52%
BRENT CRUDE	117.38	117.45 112.74	4.21 3.72%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.10 -0.85%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.10 0.75%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	103.44	103.92 98.84	3.97 3.99%
SUGAR #11 WORLD	20.26	20.51 20.02	0.13 0.65%