According to Goldman Sachs’ main forecasting, an oil barrel at the end of 2026 costs $ 51-55.
The Goldman Sachs Investment Company predicts that Brent and WTI oil prices are at $ 62 per barrel and $ 58 to December 2025 and at 55 dollars and $ 51 to December 2026. In the “intense” scenario, Brent oil price can fall below $ 40 per barrel. Reuters writes about this on Tuesday, April 8.
The company suggests that the US economy will avoid retreating due to a significant decrease of tariffs, which should enter the strength on April 9th.
Second, an offer of eight OPEC+ countries will be average with two increases in the manufacture of 130,000-140,000 barrels each in June-July.
However, Goldman Sachs noted that according to the standard backdrop of the United States and their main OPEC scenario, according to estimates, Brent oil prices will decrease from $ 58 to December 2025 and 50 to December 2026, respectively.
Oil prices can exceed their forecast, provided that a sharp turn to tariff policy has been added to the company.
In the “Extreme” scenario, when the trade war broke out, and delivered an increase, Goldman Sachs predicts the fall of Brent under $ 40 per barrel, Bloomberg wrote.
“With a more intense and more likely scenario with slowing down the global GDP and the complete folding OPEC+contractions that can discipline supplies from countries that are not included in the alliance, we evaluate that Brent oil will fall even below $ 40 per barrel at the end of 2026,” said thes.
The global oil market has experienced shocks during the final sessions, as the trade war increases in part of the Donald Trump administration and counteraction from some other economies, including China, has increased the risks of retreating and obstacles to energy consumption.
Note that last week, eight participating countries OPEC+ decided to speed up the removal of previously accepted oil restrictions by 2.2 million barrels per day and increase production from May 411 thousand barrels per day, which equates to three monthly increases.
Oil prices continue to decrease, reaching a minimum score in four years.
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Source: korrespondent
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