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Goldman Sachs Ups 2026 Brent Oil Forecast to $60, Eyes Firmer 2027 Prices

Story Thread|US-Iran Conflict Escalates, Blockade, Oil Surges

Araverus Team|Monday, March 2, 2026 at 10:17 AM

Goldman Sachs Ups 2026 Brent Oil Forecast to $60, Eyes Firmer 2027 Prices

Araverus Team

Mar 2, 2026 · 10:17 AM

Forecast · Goldman Sachs · Oil Prices · Supply

Forecast Goldman Sachs Oil Prices Supply

Goldman Sachs has revised its oil price forecasts for late 2026, increasing its Q4 Brent and WTI projections to $60 and $56 per barrel, respectively.

This upward adjustment, driven by lower-than-expected OECD inventories, represents a $6 increase for both benchmarks. Despite this revision, Goldman maintains its assumption of a global market surplus for 2026, contingent on no major geopolitical disruptions, particularly concerning Iran.

The bank anticipates firmer prices in 2027, projecting average Brent/WTI at $65/$61, with a further rise to $70/$66 by December 2027, supported by solid demand growth and moderated non-OPEC supply expansion. However, Goldman highlights a significant downside risk of $5 per barrel for Brent and $8 for WTI in its 2026 Q4 forecasts should sanctions relief for Iran or Russia lead to increased supply.

Thread Timeline: US-Iran Conflict Escalates, Blockade, Oil Surges

Show 25 older articles...

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Apr 6, 2026Dimon Warns Investors: Geopolitics, AI, Regulation Threaten Economy

Apr 7, 2026Trump Threatens Iran Infrastructure; Markets Fear War

Apr 9, 2026Iran War Drives Energy Inflation, Stresses Economies

Apr 9, 2026Oil Surges as Hormuz Blocked, Ceasefire Falters

Apr 9, 2026Dollar Strengthens; Middle East Tensions Fuel Inflation Fears

Apr 9, 2026Oil Jumps 4% on Mideast Supply Fears

Apr 9, 2026Gas Prices Remain High Despite Middle East Cease-fire

Apr 10, 2026Gold Dips as US-Iran Talks Falter, CPI Looms

Apr 10, 2026TotalEnergies SATORP Refinery Damaged, Saudi Oil Production Cut

Apr 12, 2026US-Iran Hormuz Blockade Escalates Global Oil Fears

Apr 13, 2026White House Warned: Iran War Threatens Global Economy

Apr 13, 2026US-Iran Conflict Escalates; Oil Surges, GDP Impact Looms

Apr 13, 2026US Hormuz Blockade Sinks Gold, Fuels Inflation Fears

Apr 13, 2026US-Iran Talks Fail; Oil Surges, Dollar Strengthens

Apr 13, 2026Iran Strikes Damage Plants, Aluminium Prices Jump

Apr 13, 2026Middle East Conflict Plunges OPEC Output 7.9 Million BPD

Apr 13, 2026U.S.-Iran Peace Hopes Drive S&P 500, Nasdaq Rebound

Apr 13, 2026Trump's Iran Remarks Trigger Market Whipsaws

Apr 14, 2026Qantas Navigates Fuel Hikes, Reroutes Capacity

Apr 14, 2026IEA: Middle East Conflict Triggers Historic Oil Shock

Apr 16, 2026Spirit Airlines Liquidation Risk Rises; Fuel Costs Surge

Apr 16, 2026EasyJet Reports £560M Loss, Fuel Costs Soar

Apr 16, 2026Banks Report Strong Profits; CEOs Warn Global Risks

Apr 16, 2026WTI Surpasses Brent; West Asia Tensions Fuel Rally

Apr 16, 2026Iran War Soars Fuel Costs; Airlines Ground Jets

Apr 19, 2026Trump's Iran War Strategy Spikes Global Oil

Apr 21, 2026US-Iran Conflict Escalates, Oil Prices Rise

Apr 21, 2026US Oil Balances Iran Tensions, Record Inventory Build

Read More On

Goldman Sticks to $60 Brent Oil Forecast by 4Q Despite Upside Riskswsj.com

Goldman keeps Brent oil forecast, but flags downside risks to demand - Reutersreuters.com

Goldman estimates geopolitical risk premium of around $10 per barrel for Brent after prices rise - Reutersreuters.com

Goldman Sachs says crude could spike by $20 on Iran oil shock - CNBCcnbc.com

Goldman Sachs raises Brent oil price forecasts after OPEC+ output cuts - Reutersreuters.com

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