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Goldman Sachs has indicated that softer global oil demand and easing supply disruptions are offsetting key risks.
Goldman Sachs has kept its 2026 Brent crude forecast at $83 per barrel despite shifting market dynamics.
KEY POINTS
- 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
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