Tuesday, June 3, 2025
Goldman raises oil demand outlook- oil and gas 360

Goldman raises oil demand outlook

( Oil Price) – Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, citing a new note. Brent crude

Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output- oil and gas 360

Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

(Investing) – Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down by $2 from its previous estimate.

Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply- oil and gas 360

Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply

(BOE Report) – Goldman Sachs lowered its forecast for Brent crude’s average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war triggering a recession. The Wall Street brokerage also chopped its 2026 average price forecast for Brent by 9% to

Wild oil price forecasts: Some predict $350 if Strait of Hormuz is blocked- oil and gas 360

Wild oil price forecasts: Some predict $350 if Strait of Hormuz is blocked

(Oil Price) – Talk of a possible disruption to traffic in the world’s most vital oil cargo lane, the Strait of Hormuz, resurfaced as markets and traders are awaiting the next move in the Israel-Iran standoff. An Iranian blockade, or an attempt at such, of the narrow strait between Oman and Iran connecting the Persian Gulf with the Gulf of Oman