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Goldman Sachs Forecasts Crude Oil Prices to Drop to $50 by 2026
Global oil supply surge set to outpace demand — Goldman Sachs predicts crude prices will fall to $50/barrel by 2026.
ND
by News Desk
2025-08-27
Goldman Sachs Forecasts Crude Oil Prices to Drop to $50 by 2026

Crude oil prices are projected to decline significantly over the next two years, with analysts at Goldman Sachs forecasting a fall to $50 per barrel by the end of 2026.

According to the report, global crude oil supply is expected to expand by 1.8 million barrels per day by late 2026. This projection aligns closely with the International Energy Agency’s (IEA) estimates, which predict a supply increase of 2.1 million barrels per day — far surpassing the expected rise in demand of only 700,000 barrels per day.

The imbalance means the market could see an excess of approximately 1.4 million barrels per day, exerting downward pressure on global oil prices.

Currently, Brent crude oil is priced at $67.32 per barrel in London’s international market, while U.S. crude stands at $63.32 per barrel. If the predicted surplus materializes, it could drive prices down to nearly $50 per barrel, reshaping the global energy and economic outlook.

Industry experts note that while consumers may benefit from lower fuel costs, oil-exporting nations could face serious challenges to their revenues and budgets. Additionally, the anticipated price decline may influence investment strategies in renewable energy and oil exploration projects worldwide.

The forecast underlines the growing uncertainty in the energy sector, where supply gluts and slowing demand growth are redefining market dynamics.
Tagged:

OilPrices

EnergyMarkets

CrudeOil

GoldmanSachs
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