Public Event Detail
Goldman Sachs lifts oil price forecasts on weaker Middle East output
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2026-03-13XOMExxon MobilAlpha Vantage Newsguidance
Event summary
Goldman Sachs has increased its oil price forecasts for the fourth quarter of 2026 for both Brent and WTI crude, citing lower production from the Middle East. The bank now expects Brent to average $90 per barrel and WTI to be at $83, with the normalization of Strait of Hormuz exports pushed back to the end of June. Citi also raised its Brent oil price outlook for the remainder of 2026, with a bull-case scenario projecting prices to spike to $150 if disruptions continue.
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