Goldman Sachs leaves its 2026 Brent crude oil forecast unchanged at US$56 after OPEC

  • OPEC hiked output, as expected
Goldman Sachs sized 22 July 2025 2

Goldman Sachs is holding its Brent crude oil forecast for 2026 steady at $56 per barrel, despite the recent production increase announced by OPEC+. The bank expects the oil-producing alliance to pause any further supply hikes, citing a build-up in OECD oil stockpiles as a key factor that could temper the group's willingness to raise output further.

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