Goldman Sachs upgrades Brent oil forecast for H2 2025

15/07/2025 Argaam
Oil drilling rigs

Oil drilling rigs

Goldman Sachs raised its crude price forecast for the second half of this year, citing the risks of supply disruptions, lower inventories in the Organization for Economic Cooperation and Development countries as well as production constraints in Russia.

The US bank now expects Brent oil to average $66 per barrel in the second half of this year, up almost $5 from its previous estimate, while its forecast for Brent price in 2026 was held unchanged at $56.
 
As for US crude, it raised its forecast for WTI average price by $6 to reach $63 per barrel, with next year's price at $52, unchanged from the previous estimate.
 
Goldman Sachs also expects OPEC+ to unwind its 2.2 mbpd of production cuts by September, including a final 0.55 mbpd hike.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.