Goldman Sachs Expects Brent Oil to Average $76 Per Barrel in 2025
Friday, 22 November 2024 () Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. βOur base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of OPEC and shale supply limiting price downside. However, the risks of breaking out are growing,β the investment bankβs analysts wrote in a note carried by Reuters. Goldman Sachs expects 400,000 barrels per day (bpd)β¦
Friday, 22 November 2024 ()
