# Goldman Sachs has indicated that softer global oil demand and easing supply disruptions are offsetting key risks.

*business · news · 2026-04-20 · The Economic Times*

## Key points

- Goldman Sachs has kept its 2026 Brent crude forecast at $83 per barrel despite shifting market dynamics.
- The bank's forecasts assume Strait of Hormuz oil flows will gradually normalize by mid-May 2026.
- Preliminary data suggest early 2026 global oil demand losses may exceed those of 2011 and 2022.
- Emerging markets in Asia and Africa are experiencing especially pronounced oil consumption weakness.

**Companies:** Goldman Sachs
**Countries:** United States, Iran, Israel, Lebanon

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stock-market-goldman-sticks-to-oil-forecast-as-demand-weakness-deepens/articleshow/130382421.cms)

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