# “We upgrade our 2026Q4 Brent/WTI forecasts to $90/83 (vs.

*fintech · news · 2026-04-28 · The Financial Express*

## Key points

- Goldman Sachs raised its 2026Q4 Brent forecast to $90 due to lower Persian Gulf production.
- Persian Gulf supply losses are driving record global inventory draws of 11–12 mb/d in April.
- A 0.5 mb/d permanent reduction in Gulf production capacity is expected, partly offset by Saudi and UAE.
- Global oil markets will swing from a 2025 surplus to a 9.6 mb/d deficit in 2026Q2.
- Even in a benign scenario, 2026 Brent prices are projected to stay near $80 per barrel.

**Companies:** Goldman Sachs
**Countries:** Saudi Arabia, United Arab Emirates, Russia, United States

[Read the full story on The Financial Express](https://www.financialexpress.com/business/news/brent-seen-at-90120-as-14-5-mbd-gulf-shock-drains-inventories/4220903/)

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