Goldman Sachs Raises Q4 2026 Oil Price Forecast: Goldman Sachs assumes the Iranian issue will not disrupt oil supply, maintaining a supply surplus in the oil market in 2026. Due to declining inventories in OECD member countries, the company raised it

2026-02-23

Goldman Sachs Raises Q4 2026 Oil Price Forecast: Goldman Sachs assumes the Iranian issue will not disrupt oil supply, maintaining a supply surplus in the oil market in 2026. Due to declining inventories in OECD member countries, the company raised its Q4 2026 Brent/WTI crude oil price forecast by $6 to $60/$56. The average Brent/WTI price is expected to be $65/$61 in 2027, and will recover to $70/$66 by December 2027 due to strong demand and slow supply growth. Goldman Sachs believes the potential easing of sanctions on Iran and Russia will accelerate the increase in crude oil inventories and release more supply in the long term, thus adding a downside risk of $5/$8 to the Q4 2026 price forecast.