Goldman Raises Oil Demand Outlook

Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, citing a new note.

Brent crude was trading at over $65 per barrel at the time of writing, and WTI was trading at over $62. Goldman’s analysts expect the benchmarks to fall further next year, to $56 for Brent…