Goldman Sachs Forecasts Oil Glut in 2027 but Prices Expected to Remain Stable

Goldman Sachs predicts an oil surplus will emerge by the end of 2026 and persist into 2027, yet it does not anticipate a significant drop in crude prices. The bank revised its Brent and WTI forecasts downward due to earlier-than-expected recovery in Persian Gulf exports.

By Tobi Opeyemi Amure · TheStreet · June 26, 2026, 08:03 UTC

Tickers: $GS

Topics: Brent crude Goldman Sachs forecast oil prices supply and demand dynamics

Read the full article at TheStreet

More Business news

Asset Based Lending Closes Largest Securitization to Date Totaling $200 Million PR Newswire · November 12, 2026, 18:33 UTC
Natixis CIB Leads $233.3 Million Refinancing for Midtown West Luxury Multifamily Property PR Newswire · November 12, 2026, 18:03 UTC
Ares Management Raises $3.6 Billion for New Credit Secondaries Fund Seeking Alpha · November 12, 2026, 16:56 UTC
Yahoo Becomes First Licensee Under Internet Licensing Collective AI Model The Verge · November 12, 2026, 16:36 UTC
Kennedy Funding Closes $5.625 Million Land Loan for Dominican Republic Tourism Project PR Newswire · November 12, 2026, 16:14 UTC
Norwest Raises Record $4 Billion Fund Focused on Artificial Intelligence Expansion TechCrunch · November 12, 2026, 15:18 UTC
U.S. Existing Home Sales Fall to 16-Year Low in October MarketWatch · November 12, 2026, 15:01 UTC
Bronstein Properties Acquires The Gardens Shopping Center in New Jersey for $41 Million PR Newswire · November 12, 2026, 13:48 UTC
Acre NY Realty Announces Groundbreaking for New Residential Development in Long Island City PR Newswire · November 12, 2026, 13:44 UTC
Clever Real Estate Reaches $250 Million in Cumulative Savings Milestone for Home Sellers PR Newswire · November 12, 2026, 13:41 UTC