Reported 10 days ago
Goldman Sachs has indicated that under extreme conditions, such as a global GDP slowdown and a full reversal of OPEC+ production cuts, Brent crude oil prices could potentially drop below $40 a barrel by late 2026. This outlook follows recent declines in oil forecasts fueled by escalating trade tensions, particularly from the Trump administration, as well as increasing supplies. Currently, Goldman predicts Brent to be at $55 by December 2025.
Source: YAHOO