--- title: "Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential" publication: "MediaBias News" url: "https://mediabias.news/business/goldman-sachs-lifts-2026-brent-forecast-to-105-sees-140-potential" api: "https://mediabias.news/api/v1/stories/goldman-sachs-lifts-2026-brent-forecast-to-105-sees-140-potential" markdown: "https://mediabias.news/business/goldman-sachs-lifts-2026-brent-forecast-to-105-sees-140-potential.md" audio: "https://mediabias.news/api/audio/goldman-sachs-lifts-2026-brent-forecast-to-105-sees-140-potential" category: "Business & Economy" area: "Middle East" published: "2026-11-02T08:46:08.892Z" source_reported: "2026-11-02T08:17:00.000Z" updated: "2026-11-02T09:30:10.597Z" trust_score: 70 critic_score: 95 hype_score: 15 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-11-02T11:05:09.576Z" --- # 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.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 70 of 100, higher is better. Trust 70: two independent full reports name Goldman Sachs and strategist Daan Struyven with specific forecast figures. - Craft 95 of 100, higher is better. Critic 95: explains why forecasts matter, includes quote, separates facts, gives precise numbers and future outlook. - Hype 15 of 100, lower is better. Hype 15: language is measured; no sensationalist exaggeration beyond standard financial reporting. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - 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. 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. ## Who covered it Shares of the 9 covering outlets with a published leaning rating: - Left: 0% (0) - Centre: 44% (4) - Right: 56% (5) 11 of 20 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-11-02T11:05:09.576Z. **Coverage watch:** developing. Checked 3 times; 1 check found a material change. Most recently checked 2026-11-02T09:45:13.849Z. ## How the sides framed it ### Left No separate framing summary. ### Centre - 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 - 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. **Provisional coverage gap:** left. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - veryLow: 1 - mixed: 4 - high: 2 - unknown: 11 - veryHigh: 2 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Daily Post Nigeria](https://dailypost.ng/2026/11/02/oil-prices-fall-as-goldman-sachs-raises-december-brent-crude-forecast-to-105) — Oil prices fall as Goldman Sachs raises December Brent crude forecast to $105 - [1prime.ru](https://1prime.ru/20261102/goldman--874857013.html) — Goldman Increased Brent's Oil Forecast, Writes Bloomberg. - [news-pravda.com](https://news-pravda.com/world/2026/11/02/2712097.html) — ️ Goldman Raises Oil Forecasts Due to "Significant" Supply Risks - [Interfax.ru](https://interfax.ru/business/1126516) — Goldman Sachs Increased Brent's Projection by 2027 to $88 per Barrel - [vietnamplus.vn](https://vietnamplus.vn/goldman-sachs-du-bao-gia-dau-brent-co-the-len-140-usd-moi-thung-post1145668.vnp) — Goldman Sachs Forecasts Brent Crude Oil Prices Could Reach $140 per Barrel. - [hathalyoum.net](https://hathalyoum.net/articles/4257023) — Goldman Sachs Is Raising His Oil Price Projections as Supply Risks Rise. - [sawaleif.com](https://sawaleif.com/%D8%BA%D9%88%D9%84%D8%AF%D9%85%D8%A7%D9%86-%D8%B3%D8%A7%D9%83%D8%B3-%D9%8A%D8%B1%D9%81%D8%B9-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA%D9%87-%D9%84%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%B1%D9%86%D8%AA-1118328) — Goldman Sachs Is Raising His Oil Forecast: Brent Could Be $140 in 2027. - [alborsaanews.com](https://alborsaanews.com/2026/11/02/2003234) — Goldman Sachs Is Raising His Oil Price Forecast. - [Dagens industri](https://di.se/live/goldman-sachs-raknar-med-annu-hogre-oljepris) — Goldman Sachs Expects Even Higher Oil Prices - [Banker.az](https://banker.az/goldman-sachs-neftin-qiym%c9%99t-proqnozunu-k%c9%99skin-artirdi-h%c9%99tta-140-ssenarisi-d%c9%99-gund%c9%99md%c9%99dir) — Goldman Sachs Sharply Raises Oil Price Forecast – Even $140 Scenario Is on the Agenda - [asiae.co.kr](https://asiae.co.kr/article/2026110214160046169) — Goldman Sachs Raises International Oil Price Forecast… Brent Crude to $105 by Year-End - [Times of India](https://economictimes.indiatimes.com/markets/us-stocks/news/goldman-sachs-raises-oil-price-forecasts-warns-brent-could-hit-140-in-2027/articleshow/135445233.cms) — Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027 - [The Economic Times](https://m.economictimes.com/markets/us-stocks/news/goldman-sachs-raises-oil-price-forecasts-warns-brent-could-hit-140-in-2027/articleshow/135445233.cms) — Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027 - [The Hindu Business Line](https://thehindubusinessline.com/markets/commodities/goldman-hikes-oil-price-forecasts-on-substantial-supply-risks/article71655258.ece) — Goldman hikes oil-price forecasts on ‘substantial’ supply risks - [BITRSS](https://bitrss.com/%E9%AB%98%E7%9B%9B%E4%B8%8A%E8%B0%83%E6%B2%B9%E4%BB%B7%E9%A2%84%E6%B5%8B-%E8%AD%A6%E5%91%8A%E4%BE%9B%E5%BA%94%E9%A3%8E%E9%99%A9%E5%8A%A0%E5%89%A7-267535) — Goldman Sachs Raised Its Oil Price Forecast, Warning of Escalating Supply Risks. - [bloomberght.com](https://bloomberght.com/goldman-arz-riskleri-nedeniyle-petrol-fiyati-tahminlerini-yukseltti-3793008) — Goldman Sachs Raised Its Oil Price Forecast Due to Supply Risks. - [Moneycontrol](https://moneycontrol.com/news/business/goldman-sachs-raises-brent-crude-forecast-to-105-for-december-sees-oil-at-88-in-2027-amid-iran-war-risks-14065969.html) — Goldman Sachs raises Brent crude forecast to $105 for December, sees oil at $88 in 2027 amid Iran war risks - [BizToc](https://biztoc.com/x/ed0ef29a760e0213) — Goldman Hikes Oil-Price Forecasts on 'Substantial' Supply Risks - [Oil Price](https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Raises-Brent-Oil-Price-Forecast-to-105.html) — Goldman Sachs Raises December Brent Oil Price Forecast to $105 - [CNBC](https://cnbc.com/2026/11/02/goldman-raises-oil-price-forecasts.html) — Goldman raises oil price forecast for December and 2027. Here's why ## Questions **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. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/goldman-sachs-lifts-2026-brent-forecast-to-105-sees-140-potential. Please cite as: MediaBias News, "Goldman Sachs lifts 2026 Brent forecast to $105, sees $140 potential", https://mediabias.news/business/goldman-sachs-lifts-2026-brent-forecast-to-105-sees-140-potential