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Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential

Investment bank cites elevated supply disruption risks in the Middle East and Russia-Ukraine conflicts.

AI-assisted coverage comparison, editor-supervised · How this was made

Published Updated
Goldman Sachs identified intensified attacks on shipping, damage to oil infrastructure and a more persistent geopolitical risk premium as key factors that could drive prices higher.

What this story says

  • Goldman Sachs has raised its December 2026 Brent crude oil forecast to $105 per barrel, up from $90.
  • The bank also increased its 2027 average Brent forecast to $88 per barrel from $80.
  • A scenario where Gulf production remains 3.5 million barrels per day below its 2025 average could see Brent reach $140 per barrel in 2027, Goldman Sachs warned.
  • Elevated geopolitical risks, including conflicts in the Middle East and Russia-Ukraine, are cited as reasons for the forecast adjustments.

Who covered it

Left 0%(0)Centre 37%(3)Right 63%(5)

Percentages are shares of the 8 outlets carrying a published leaning rating. 10 of the 18 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .

Trust

70/100

Craft

95/100

Hype

15/100

18 sources · methodology

Thin on the left so far

None of the 8 outlets with a published leaning rating that ran this story are rated left.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

Goldman Sachs has revised its oil price projections upwards, citing increased risks to global supplies. The investment bank raised its forecast for Brent crude oil to $105 per barrel for December 2026, an increase from its previous $90 estimate. Its average forecast for 2027 was also lifted to $88 per barrel from $80.

The bank issued a warning that Brent crude could potentially reach $140 per barrel in 2027. This scenario is contingent on Gulf region oil production remaining 3.5 million barrels per day below its 2025 average. Goldman Sachs also increased its forecast for West Texas Intermediate (WTI) crude to $94 per barrel for December 2026, from $81, and its 2027 average WTI forecast to $78 from $73.

Reasons for the forecast changes

Goldman Sachs attributes the upward revisions to a combination of factors, including intensified attacks on shipping, damage to oil infrastructure, and a persistent geopolitical risk premium. The bank anticipates that oil markets will increasingly factor in potential disruptions to Middle East supplies, the historical duration of major supply shocks, and concerns that a lasting diplomatic breakthrough will be difficult to achieve. Broader geopolitical uncertainties, such as the ongoing conflicts in the Middle East and between Russia and Ukraine, alongside increasing geopolitical fragmentation, are also identified as significant threats to global energy supplies.

What the coverage left out

None of the centre or right-rated reports mentioned the specific figure of 3.5 million barrels per day by which Gulf production would need to fall below its 2025 average for Brent crude to reach $140 per barrel in 2027. This detail was present in the full reports from The Economic Times and CNBC, and in digests from vietnamplus.vn, Dagens industri, and sawaleif.com.

Still developing. We have re-checked which outlets are covering this 3 times, most recently on 2 Nov 2026, 09:45, and will add the sides that appear.

How other outlets pictured it

Which photograph to run is each newsroom’s own choice. The leaning beside a name is that outlet’s published rating, not a claim that the pictures divide along it. Every picture is shown from the outlet’s own server and links to the article it ran in.

Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential
CNBCCentre

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

0 rated outlets

No outlet rated left has run this story so far. We are still checking, and will say plainly if that does not change.

Centre

3 rated outlets

  • The centre-rated reports from The Economic Times and CNBC both highlighted Goldman Sachs' revised oil price forecasts, specifically mentioning the increase for Brent crude to $105 per barrel by December 2026 and the 2027 average forecast of $88. Both reports also featured the warning that Brent could reach $140 per barrel in 2027 under specific supply disruption scenarios. The Economic Times, in its full report, also included Goldman Sachs' revised WTI forecast and detailed the bank's reasoning, citing geopolitical risk premiums and potential supply disruptions. CNBC's report also noted the Russia-Ukraine and Middle East conflicts as key factors contributing to the elevated risk.

Right

5 rated outlets

  • The right-rated reports from Interfax.ru, Times of India, and The Hindu Business Line focused on the upward revisions of oil price forecasts. Interfax.ru's digest stated Goldman Sachs increased oil price projections for the end of the year and the following year due to increased risks of fuel disruptions. The Times of India's digest highlighted the warning that Brent crude could reach $140 per barrel in 2027 due to mounting geopolitical risks and potential Gulf supply disruptions, also mentioning shipping attacks and infrastructure damage. The Hindu Business Line's digest noted that Brent is now seen at $105 a barrel in December, up from $90, and will average $88 next year, attributing this to 'substantial' supply risks.

Questions about this coverage

How did the left and right cover Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential?
Of the 8 outlets on this story carrying a published leaning rating, 0% are rated left, 37% are rated centre, 63% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 18. The sections above set out what each side emphasised, in its own terms.
Is Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential left or right?
Too few of the outlets on this story carry a published leaning rating to say. 8 of them do, and this site does not characterise a field under 12: at that size one newsroom filing moves the share by ten points. The percentages above are the count as it stands.
Is the coverage of Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential biased?
Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential is one event reported by 18 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
Which side is not reporting Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential?
When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
Which outlets covered Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential?
18 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
What is Goldman Sachs' new forecast for Brent crude oil in December 2026?
Goldman Sachs has raised its forecast for Brent crude oil to $105 per barrel for December 2026. This is an increase from their previous forecast of $90 per barrel.
Under what conditions could Brent crude reach $140 per barrel in 2027?
Goldman Sachs warned that Brent crude could reach $140 per barrel in 2027 if oil production in the Gulf region remains 3.5 million barrels per day below its 2025 average. This scenario is linked to elevated supply disruption risks.
What are the main reasons cited for the increased oil price forecasts?
The bank cited elevated geopolitical risks, including intensified attacks on shipping, damage to oil infrastructure, and the ongoing conflicts in the Middle East and between Russia and Ukraine. These factors contribute to concerns about potential supply disruptions.

Read it at the source

18 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.

Left

0

No outlet in this group ran the story.

Centre

3

Right

5

Not rated

10
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How did this read?

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