Monday, July 7, 2025
Goldman Sachs maintains 2025 Brent oil price forecast at $76 per barrel0 oil and gas 360

Goldman Sachs maintains 2025 Brent oil price forecast at $76 per barrel

(BOE Report) – Goldman Sachs on Friday maintained its forecast for Brent oil to average $76 per barrel in 2025, citing a balanced market situation, with lower OPEC+ supply offsetting an unexpected surge last month in commercial inventories at Organisation for Economic Co-operation and Development countries. “We maintain our annual average Brent forecasts of $76/bbl in 2025 and $71 in

Goldman Sachs: OPEC+ cuts provide near-term upside to oil prices- oil and gas 360

Goldman Sachs: OPEC+ cuts provide near-term upside to oil prices

(Oil Price) – The ongoing OPEC+ oil production cuts and the improved compliance with quotas from some producers are supporting Brent Crude, offering a modest upside to oil prices in the near term, according to Goldman Sachs. The U.S. investment bank expects the OPEC+ cuts to be rolled over again and the easing of the output curbs could begin gradually in

Goldman Sachs expects Brent oil to average $76 per barrel in 2025- oil and gas 360

Goldman Sachs expects Brent oil to average $76 per barrel in 2025

(Oil Price) – Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs.   “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of

Oil heads for weekly gain as Middle East keeps market on edge-oil and gas 360

Oil heads for weekly gain as Middle East keeps market on edge

(CNBC) – Oil prices were heading for a weekly gain of more than 2%, with Friday’s prices were little changed on the day as traders were kept on edge by simmering tensions in the Middle East ahead of a planned resumption in Gaza ceasefire talks in the coming days. Brent crude futures rose 71 cents, or 0.95%, to $75.09 a barrel,

Geopolitical risk premium in oil market slips slightly, Goldman Sachs says- oil and gas 360

Geopolitical risk premium in oil market slips slightly, Goldman Sachs says

(BOE Report) – Geopolitical risk premium gauges in the oil market have decreased slightly this week, following sharp increases last week in both Brent implied volatility and call options implied volatility skew, Goldman Sachs said. Oil prices steadied in Asian trading as traders weighed developments in the Middle East conflict against continued bearish expectations for demand. Brent crude futures last traded

Goldman sees upside for oil prices maid supply concerns- oil and gas 360

Goldman sees upside for oil prices amid supply concerns

(Oil Price) – Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank’s outlook is driven by several key factors, including a recent interest rate cut by the Federal Reserve and strong U.S. economic data. Additionally, Hurricane Helene’s formation reminds markets that hurricanes still have the power to disrupt

Morgan Stanley slashes its oil price forecast again- oil and gas 360

Morgan Stanley slashes its oil price forecast again

Oil Price Just two weeks after lowering its Brent oil price estimate to $80 per barrel for the fourth quarter, Morgan Stanley cut again its forecast, now expecting the international benchmark to average $75 a barrel in the last quarter of the year. Analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts- oil and gas 360

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Yahoo Finance If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said in a note on Wednesday. Citi said that while a technical rebound was possible, the market could lose confidence in OPEC+ defending the $70/bbl level

Goldman Sachs sees a $75 floor for Brent oil prices- oil and gas 360

Goldman Sachs sees a $75 floor for Brent oil prices

Oil Price Goldman Sachs expects a $75 per barrel floor under Brent Crude prices that is unlikely to be breached due to the current macroeconomic fears of a U.S. recession. Oil prices slumped by 6% in the past few days, dragged down by weaker-than-expected jobs data in the U.S. on Friday, which sparked a massive selloff in equity markets globally and in

Goldman Sachs sees oil prices rising to $86 this summer- oil and gas 360

Goldman Sachs sees oil prices rising to $86 this summer

Oil Price Brent crude prices are set to rise to $86 per barrel this summer amid strong consumer demand which will put the market into a sizeable deficit in the third quarter, according to Goldman Sachs. Oil prices started this week higher, with a slight gain in Asian trade on expectations of higher fuel demand during the summer driving season. As

Saudi Aramco’s $12 billion share sale sells out in mere hours- oil and gas 360

Saudi Aramco’s $12 billion share sale sells out in mere hours

World Oil (Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. The government had demand for all shares on offer in a few hours after books opened, according to terms of the deal seen