News & Macrohigh confidence
Brent crude may fall to USD 60s in 2027 if Gulf oil output recovers faster: Goldman Sachs
ANI News · October 12, 2026 · Week 2026-42
Summary
Goldman Sachs forecasts that Brent crude prices could fall into the $60s per barrel range by 2027. This projection is contingent on a faster-than-anticipated recovery and increase in oil production from key Gulf producers, which would add significant supply to the global market.
Strategic Implication
This forecast highlights the downside price risk for Gulf producers if investment in new capacity outpaces demand growth, potentially impacting national budgets and capex plans.