From The Economic Times · ANI · · 1m
Oil Prices May Drop to $80 by 2027
Goldman Sachs predicts oil prices could fall to $80 per barrel by 2027 as Middle East supply recovers.
In brief
Goldman Sachs predicts oil prices could fall to $80 per barrel by 2027 as Middle East supply recovers. Goldman Sachs forecasts global oil prices to average $80 per barrel in 2027 after Middle East supply recovers. Originally reported by The Economic Times.
Goldman Sachs Forecast
Goldman Sachs Research predicts global crude oil prices could moderate to USD 80 per barrel in 2027.
Middle East Supply Recovery
Persian Gulf oil exports have recovered to 2025 averages by late September 2026.
Market Balance Shift
Global oil demand exceeded supply by 0.3 million barrels per day in September 2026.
Price Risk Premium
Current crude prices include a risk premium of nearly USD 25 per barrel for potential supply disruptions.
Demand Weakness
Global oil consumption dropped 3.3 million barrels per day year-on-year in Q3 2026.
2027 Outlook
Oil prices expected to average $80 per barrel in 2027 as market moves toward surplus.
What matters most
Goldman Sachs forecasts global oil prices to average $80 per barrel in 2027 after Middle East supply recovers.
