Goldman Sachs warns of oil shortage, price spike

Goldman Sachs has raised its oil price forecast for late 2026 and warns the market could soon face a shortage, risking sharply higher fuel prices.

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Monday, 27 April 2026 at 12:12 UTC

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Investment bank Goldman Sachs has raised its oil price forecast for the fourth quarter of 2026, citing potential market shortages. The bank now expects Brent crude to average around $90 per barrel and West Texas Intermediate (WTI) to average $83. Its analysts warn that continued supply disruptions could lead to an oil shortage, which would push global fuel prices even higher.

e/eineurope · topic · T-09082cycle Monday, 27 April 2026 at 12:12 UTC · first reported 1d ago