News & Macromedium confidence
Oil prices may ease to USD 80 per barrel in 2027 as Middle East supply recovers: Goldman Sachs
ChiniMandi · October 17, 2026 · Week 2026-42
Summary
Goldman Sachs forecasts Brent crude prices will ease to around $80 per barrel by 2027. The investment bank attributes this potential price moderation to an expected recovery in oil supply from the Middle East, suggesting a more balanced market in the medium term.
Strategic Implication
This medium-term price forecast could influence long-term capex planning for NOCs and IOCs, potentially moderating investment in high-cost, long-cycle projects.