Goldman Sachs Raises Oil Price Forecasts Amid Supply Shock

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Energy Finance

Reported Facts

Observable data points shared across all narratives

•Goldman Sachs raised its Brent crude oil price forecast on March 24, 2026.
•The new forecast expects oil prices to surpass the 2008 record high of $147 per barrel.
•The forecast increase is driven by the largest supply shock ever recorded in the oil market.
•The supply shock has caused tighter availability of crude oil globally.
•The forecast update was publicly discussed by Goldman Sachs analyst Struyven.

What Could Happen If...

▸If the oil supply shock persists beyond 2026 oil prices could remain elevated, increasing costs for consumers and businesses worldwide and potentially slowing global economic growth.

Market Exposure

CommodityBrent CrudeUpward Pressure

The largest-ever supply shock reduces oil availability, driving Brent crude prices higher.

This is not investment advice. Market exposure is based on conditional event analysis.

Key Actors

Instruments

📈oil

Organizations

🏛Goldman Sachs

Source Coverage

FINANCE

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Primary Sources (3)

FINANCEBloomberg - MarketsGoldman Sachs' Struyven on raising 2026 Brent Forecast FINANCEFinancial Times - MarketsGoldman Sachs now reckons that oil could take out the 2008 record of $147 FINANCEBloomberg - MarketsGoldman Sachs Raises Oil Forecasts on Largest-Ever Supply Shock

Goldman Sachs has increased its 2026 Brent crude oil price forecast, now expecting prices to exceed the 2008 peak of $147 per barrel due to the largest supply shock ever recorded. This forecast revision indicates tighter oil supply that could raise global energy costs and inflation, affecting oil-importing countries and energy markets. The scale and duration of the supply disruption remain uncertain, posing risks to economic stability worldwide.