BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Apr.2025) — Goldman Sachs reduced its Dec. 2025 forecasts for Brent and West Texas Intermediate (WTI) by $5 per barrel to $66/bbl and $62/bbl respectively. This, as 2 key downside risks flagged by the bank are realizing: namely tariff escalation and somewhat higher OPEC+ supply.
Goldman’s annual average forecasts are now $69/bbl (Brent) and $66/bbl (WTI) in 2025 and $62/bbl (Brent) and $59/bbl (WTI) in 2026, analysts with the bank revealed on 3 Apr. 2025 in a research report.
