Goldman Sachs Raises Brent/WTI Forecast For 2026Q4 By $6 To $60/56
ReutersFeb 23, 2026 2:10 AM
Feb 23 (Reuters) - GOLDMAN SACHS:
ASSUMES NO IRAN-RELATED DISRUPTION TO OIL SUPPLY AND MAINTAINS 2026 SURPLUS
RAISES BRENT/WTI FORECAST FOR 2026Q4 BY $6 TO $60/56 ON LOWER OECD STOCKS
EXPECTS BRENT/WTI TO AVERAGE $65/61 IN 2027 AND TO RECOVER TO $70/66 BY DECEMBER 2027 ON SOLID DEMAND AND SLOWING SUPPLY GROWTH
SEES POTENTIAL SANCTIONS RELIEF IN IRAN/RUSSIA ACCELERATING LANDED STOCK BUILDS, AND UNLOCKING HIGHER SUPPLY IN THE LONGER TERM, POSING $5/8 OF DOWNSIDE RISK TO 2026Q4 PRICES
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