Goldman Sachs’ Oil Price Forecast for 2025

On Wednesday, Goldman Sachs published a note discussing its analysts’ oil price forecasts for 2025,
pointing to several factors that could impact the market.
The analysts expect the average price of a barrel of oil to be around $76 in 2025,
while maintaining their estimate that Brent crude prices will range between $70 and $85 per barrel throughout the year.

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The bank emphasized the expected risks to oil prices in both directions, highlighting the possibility of a supply surplus,
with downside risks skewed due to large spare capacity and potential trade tariffs.
However, the analysts believe that estimates for price spreads based on physical supply tightness may be understated in the near future.

The note also underscored the geopolitical factors at play, such as ongoing tensions between Israel and Iran,
and OPEC+’s high spare capacity levels, which could provide protection against price shocks.
Additionally, potential disruptions to Iranian oil production and the continuation of conflicts in the Middle East may keep supply risks on the table.

In conclusion, the bank indicated that while downside risks remain dominant,
the potential for a supply surplus in 2025 is uncertain,
and markets may experience upward price pressures by the end of the year.

Goldman Sachs’ Oil Price Forecast for 2025

Goldman Sachs&#8217; Oil Price Forecast for 2025

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Goldman Sachs’ Oil Price Forecast for 2025