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	108,777.96 842.70M	-0.57% -624.36
KSE30	53,571.08 118.45M	-0.81% -434.78
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,055.00	64,610.00 63,880.00	-65.00 -0.10%
BRENT CRUDE	87.95	90.03 86.60	0.23 0.26%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.00 -3.65%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.75 0.62%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.31	84.61 81.27	0.18 0.22%
SUGAR #11 WORLD	16.59	16.72 16.33	0.12 0.73%