Goldman Sachs sees Brent falling to low $50s by 2026 as oil surplus swells

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Goldman Sachs sees Brent sliding to low $50s by late 2026 on surplus build.Goldman Sachs expects Brent crude prices to decline to the low USD 50s by the end of 2026 as the global oil market tips deeper into surplus. The bank forecasts supply will exceed demand by an average of 1.8 million barrels per day from Q4 2025 through Q4 2026, swelling global inventories by almost 800 million barrels by the close of that period. This article was written by Eamonn Sheridan at investinglive.com.