BAKU, Azerbaijan, August 27. Goldman Sachs Group Inc. projects that the average price of benchmark Brent crude oil will be $77 per barrel in 2025, anticipating a market surplus and a decline in prices over the next 12 months, Trend reports via the company.
The analysts from Goldman Sachs highlighted that OPEC+'s decision to cancel voluntary supply cuts might be an attempt to "strategically discipline supplies from non-OPEC countries."
The company also anticipates that oil supplies could surpass demand next year, with crude prices potentially falling below current forecasts under various scenarios.