Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside

Goldman Sachs: Sees upside risks to Brent prices in short term, with Brent rising to mid-$80s in 2025H1 if Iran supply drops 1mb/d on tighter sanctions enforcementSees medium-term price risks skewed to the downside given high spare capacityEstimates that Brent drops to the low $60s in 2026 in a 10% across-the-board tariff scenario or if OPEC supply rises through 2025 This article was written by Eamonn Sheridan at www.forexlive.com.

Nov 22, 2024 - 09:45
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Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside

Goldman Sachs:

  • Sees upside risks to Brent prices in short term, with Brent rising to mid-$80s in 2025H1 if Iran supply drops 1mb/d on tighter sanctions enforcement
  • Sees medium-term price risks skewed to the downside given high spare capacity
  • Estimates that Brent drops to the low $60s in 2026 in a 10% across-the-board tariff scenario or if OPEC supply rises through 2025
This article was written by Eamonn Sheridan at www.forexlive.com.
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