FACTBOX-Goldman cuts oil price views on slower demand growth expectations, higher OPEC+ supply
March 17 (Reuters) - Goldman Sachs has lowered its average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects, and expectations of higher OPEC+ supply.
The bank also expects Brent at $71 per barrel in December 2025, down $5 from its previous forecast, and sees WTI at $67, it said in the note dated Sunday.
The following is a list of the latest brokerage forecasts for 2025 and 2026 average prices for Brent and WTI (in $ per barrel):
Brokerage/Agency | Brent | WTI | Forecasts as of | ||
2025 | 2026 | 2025 | 2026 | ||
Barclays | $74 | - | $70 | - | March 14, 2025 |
BofA | $75 | $73 | - | - | February 24, 2025 |
Goldman Sachs | $73 | $68 | $69 | $64 | March 16, 2025 |
Citi | $67 | $65 | $63 | $62 | January 22, 2025 |
Deutsche Bank | $72 | $72 | $68 | $68 | January 15, 2025 |
JP Morgan | $73 | $61 | $69 | $57 | December 19, 2024 |
Macquarie | $71 | $64 | $66 | $60 | December 5, 2024 |
BMI | $78 | - | $79 | - | November 07, 2024 |
NAB | $78 | - | - | - | October 06, 2024 |
HSBC | $70 | - | $67 | - | September 30, 2024 |
UBS | $75 | - | $71 | - | September 16, 2024 |
DNB | $77 | - | - | August 20, 2024 | |
Morgan Stanley | - | $70 | - | January 13, 2025 | |
indicates end-of-period forecast
# current as of given date, may not indicate date of revision
For a table of crude price forecasts as per Reuters' latest monthly poll, see OILPOLL
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