Similarly,
Goldman sachs maintains his forecasts:
Goldman Sachs reiterated its price forecast for oil on Sunday. In addition, anticipating a Brent at $ 64 per barrel on average in the fourth quarter of 2025 and $ 56 in 2026. However, the investment bank stresses that recent developments weigh a growing risk range on its reference estimates.
“The growing pressure on the sanctioned oil supply of Russia. For example, Iran represents a bull risk for our price forecasts, especially since the normalization of the reserve capacity takes place faster than expected,” said Goldman Sachs in a note dated August 3.
However. Goldman warns against a lowering risk concerning its average annual growth forecast of demand, estimated at 800,000 barrels per day for 2025-2026, due to the increase in American customs duties, threats of new secondary prices and the low American economic data.
The weaker data “suggest that the American goldman sachs maintains his forecasts economy is now growing at a rate lower than its potential. ” said bank economists, who consider that this increases the probability of a recession in the next 12 months, according to the note.
The organization of oil exporting countries. its allies, including Russia (OPEC+), agreed on Sunday to increase oil production by 547,000 barrels per day in September, last measure of an accelerated series of increases to regain market share.
“If OPEC+ policy remains flexible. we assume that the group will maintain its production quota unchanged after September, because we expect an acceleration of the pace of constitution of commercial stocks of the OECD and the attenuation of seasonal effects on demand”, specifies Goldman Sachs.
The term contracts on the Brent were exchanged at $ 69.27 per barrel at 01:15 gmt, while the American crude West Texas Intermediate was $ 66.96. [O/R]
“We continue to consider the risk of goldman sachs maintains his forecasts major disruption of Russian supply as limited. taking into account the significant volumes of Russian imports, the possibility of increasing the discounts to maintain demand, and the assertive will of the main buyers, China and India”, analyze the experts of Goldman Sachs.
According to industrial sources. Indian public refiners have ceased to buy Russian oil last week, the discounts having reduced this month and American president Donald Trump having warned the countries against the purchase of crude in Moscow.
Goldman sachs maintains his forecasts
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