The price of oil is expected to be 80 dollars
reported by Mehr News Agency quoted Reuters, Goldman Sachs predicted Considering the economic situation and geopolitical doubts in 2024 and in At the same time, the possibility of a daily supply surplus of 400,000 barrels next year, the price of Brent this year will be around 80 dollars per barrel on average.
According to the estimate of this American bank, the price of crude oil Brent of the North Sea remains in the range of 70-85 dollars. And the high supply excess capacity limits the price, and OPEC price elasticity and shale supply prevents fat increases, however, the risks of failure is increasing.
Vladimir Putin, the President of the Russian Federation, announced on Thursday (December 1st) that Russia had fired a ballistic missile towards Ukraine, and at the same time, he warned of a global conflict that risks disruption. It increases the supply of oil from one of the largest oil producers in the world.
As a result of this incident, the price of oil increased on Friday (December 2nd) and the crude oil index Brent It reached more than 74 dollars per barrel.
This American bank has analyzed and estimated the factors that will increase the price of Brent in the short term, that if the supply of Iranian oil with If the tightening of sanctions is reduced by 1 million barrels per day, the prices will probably reach the level of 80 dollars per barrel in the first half of 2025.
Goldman Sachs predicted that risk In the medium term, the price of oil will deviate towards a decrease due to the high capacity of excess supply.
This American bank stated: While there is sufficient excess supply capacity in the market, we expect refining to remain very limited and gasoline and diesel margins to improve further.
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investment bank Goldman Sachs still average It forecasts the price of Brent oil at $76 per barrel in 2025, but lowers its estimate for 2026 to $71 per barrel with an excess supply of 900 barrels per day. thousand barrels delivered.
Goldman Sax expects oil demand Due to the increase in total energy demand along with the growth of GDP and the current challenges of decarbonization, air travel and production of petrochemical products, it will face growth for another decade.
