NEW YORK: Goldman Sachs has reiterated its oil price forecast with Brent averaging US$64 per barrel in the fourth quarter of 2025 and US$56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.
“Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, especially given the faster-than-expected normalisation in spare capacity,” the investment bank said in a note on Sunday.
