Goldman Sachs lowers oil value forecasts on provide surplus outlook

Goldman Sachs has revised down its oil value forecasts, citing expectations of persistent provide surpluses and subdued demand development.

• The financial institution now sees Brent crude averaging $63 per barrel and WTI at $59 for the rest of 2025.
• For 2026, forecasts fall additional to $58 for Brent and $55 for WTI.

The downward revision displays Goldman’s outlook for big market surpluses, with the oil market anticipated to be oversupplied by zero.eight million barrels per day (mb/d) in 2025 and 1.four mb/d in 2026. These surpluses, the financial institution says, will proceed to weigh on costs.

International oil demand is projected to rise solely modestly—by zero.three mb/d in 2025 on a This fall-over-This fall foundation—including to the stress on costs amid strong provide.

The most recent forecast comes as world vitality markets regulate to slowing demand development, rising manufacturing capability, and evolving geopolitical dynamics.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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