{
  "id": 17943017,
  "title": "Goldman Sachs raises 2027 oil price forecast to US$ 88 per barrel",
  "url": "https://urgent.news/2026/11/03/goldman-sachs-raises-2027-oil-price-forecast-to-us-88-per-barrel",
  "topic": "world",
  "section": "World",
  "published": "2026-11-03T09:07:37.000Z",
  "source": {
    "name": "Egypt Independent",
    "slug": "egypt-independent",
    "url": "https://www.egyptindependent.com/goldman-sachs-raises-2027-oil-price-forecast-to-us-88-per-barrel/"
  },
  "original_language": "en",
  "account": "Goldman Sachs has increased its projections for the price of oil over the next year, taking into account growing geopolitical concerns and the potential for supply interruptions from the Middle East. The bank now anticipates Brent crude oil prices to climb to $105 per barrel by December, up from its earlier estimate of $90, and has also raised its average forecast for 2027 to $88 per barrel, marking a 10 percent increase from its previous projection. Analysts at Goldman Sachs attributed this revised outlook to the elevated \"risk premium\" that could persist due to supply risks. This comes amid heightened market apprehensions about possible geopolitical tensions following the US midterm elections. The analysts further pointed out that the intensification of attacks on vessels and infrastructure damage, coupled with the ongoing fallout from the Russia-Ukraine conflict, could further disrupt oil markets. In its baseline projection for 2027, the bank considered the likelihood of a global supply disruption of roughly one million barrels per day. Meanwhile, in the most optimistic scenario, Brent crude could surge to $140 per barrel, with an average price of about $130 per barrel over the course of the year, assuming Gulf state production remains about 3.5 million barrels per day below the 2025 average, as reported by Reuters. Conversely, a pessimistic scenario could see oil futures prices dip below $70 per barrel if production in the region recovers more swiftly and supplies pour back into the market at a faster rate.",
  "summary": "Goldman Sachs has raised its oil price forecasts for the near future, citing escalating geopolitical risks and an increased likelihood of crude supply disruptions from the Middle East. The bank now expects Brent crude to reach US$ 105 per barrel by this coming December, up from its previous estimate of $90, and has also increased … The post Goldman Sachs raises 2027 oil price forecast to US$ 88…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}