fintech / news / / The Financial Express
“We upgrade our 2026Q4 Brent/WTI forecasts to $90/83 (vs.
Goldman Sachs raised its 2026Q4 Brent forecast to $90 due to lower Persian Gulf production.
KEY POINTS
- 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
Summarized by Newsio from The Financial Express. How we summarize →