Goldman Sachs Slashes Oil Price Forecast to Below $60 in 2026 ...Middle East

Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. tariffs announcement last week. Goldman Sachs’s analysts issued a new note dated April 6, in which they slashed their 2026 oil price forecasts by $4 per barrel—to $58 for Brent Crude prices and to $55 for the U.S. benchmark, WTI Crude. On Friday, Goldman Sachs cut its oil price forecast for 2025 by 5.5% for Brent crude and…

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