Goldman Sachs raises December Brent crude forecast to 90 USD, maintains 2027 annual average price 80 USD
BIBIBI
AT A GLANCE
Goldman Sachs raises December Brent crude forecast to per barrel 90 USD, and maintains its 2027 annual average price 80 USD forecast.
Article
Goldman Sachs: Raises December Brent crude price forecast to per barrel 90 USD, maintains 2027 annual average price 80 USD forecast
BlockBeats news,October 12, Goldman Sachs said in a report that it maintains its base case: Middle Eastern supply will continue to adjust, ultimately driving crude oil prices lower, but the conflict could escalate again, still posing significant upside risk. Goldman Sachs raised its December Brent crude price forecast to per barrel 90 USD, while maintaining its forecast for the 2027 annual average Brent crude price of per barrel 80 USD and expects WTI crude oil prices to average December per barrel this year, while the 81 USD、2027 annual average price is expected to be per barrel 73 USD.
Goldman Sachs said that if 2027 Gulf-region average daily production is 2026 lower than in February by 5000000 barrels, rather than the 300000 barrels below the base-case scenario, the 2027 annual average Brent crude price could reach per barrel 125 USD or so. Conversely, if 2027 Gulf-region average daily production is 2026 higher than in February by 1000000 barrels, Brent crude prices could fall to per barrel 2027 in 60 or more USD. (Jinshi)
Original link https://m.theblockbeats.info/flash/371285
Key points
01
Goldman Sachs said its base case is that Middle Eastern supply will continue to adjust, ultimately driving crude oil prices lower.
02
Goldman Sachs believes the conflict could escalate again, still posing significant upside risk to oil prices.
03
Goldman Sachs raised its December Brent crude price forecast to per barrel 90 USD, maintaining its 2027 annual average price of 80 USD per barrel forecast.
04
Goldman Sachs expects WTI crude oil this year to average December per barrel, with the 81 USD，2027 annual average price at per barrel 73 USD。
05
Goldman Sachs said that if 2027 Gulf-region average daily production is lower than in 2026 year by February barrels, Brent crude 5000000 2027 annual average price could reach per barrel 125 USD or so; the base case corresponds to a decline of 300000 barrels.
06
Goldman Sachs said that if 2027 Gulf-region average daily production is higher than in 2026 year by February barrels, Brent crude prices in 1000000 2027 year could fall to per barrel 60 or more USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is Goldman Sachs's forecast for future oil prices, not the current transaction price. Its assessment shows that different Gulf-region production scenarios could correspond to significantly different Brent crude prices, but all of these are conditional forecasts.
Why it matters to readers
The material gives the 2027 annual Brent crude scenario as ranging from per barrel 60 or more USD to approximately 125 USD, showing that Gulf-region production and conflict developments are important variables Goldman Sachs considers when assessing oil prices.
Beginners should distinguish between a “price forecast” and an “actual price,” and note the production conditions attached to each scenario rather than treating the forecast as a certain outcome.
Risks and unknowns
The material was relayed by BlockBeats and attributed to Jinshi as the source. The Goldman Sachs report itself was not provided, so the specific wording and assumptions cannot be independently verified.
The body of the text only states “October 12” and does not specify the year.
Whether the conflict escalates, the actual production level in the Gulf region, and whether the forecast prices can be achieved cannot be confirmed from the material.
Related Developments
Loading event timeline…
Related concepts
Brent crude oil
This term is not in the glossary yet. Browse related concepts in the glossary.
