Goldman Sachs Cuts 2027 Oil Price Estimate on Demand Uncertainty
Goldman Sachs has slashed its 2027 Brent crude oil price forecast to $80 per barrel, a notable reduction from its previous $85 estimate, citing a confluence of robust global supply expansion and persistent demand weakness. The revised outlook, released today, reflects a deeper concern over structural shifts in global energy consumption, particularly China's accelerated embrace of alternative fuels, even as the bank maintains a bullish short-term view on prices through late 2026.












