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	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,275.00	81,350.00 78,180.00	425.00 0.54%
BRENT CRUDE	88.52	92.90 88.17	-3.65 -3.96%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.20 0.18%
ROTTERDAM COAL MONTHLY	124.80	124.80 124.80	0.30 0.24%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	82.27	85.84 81.54	-2.74 -3.22%
SUGAR #11 WORLD	17.25	17.74 17.13	-0.40 -2.27%