Oil Price Forecast for 2025 - Oct 23

[dan_s]

Oil prices are expected to average $76 per barrel next year amid sufficient supply and ample spare capacity, according to Goldman Sachs.

“Overall, we still see the medium-term risks to our $70-85/bbl range as two-sided but skewed moderately to the downside on net as downside price risks from high spare capacity and potentially broader trade tariffs outweigh upside price,” the investment bank’s analysts wrote in a note carried by Reuters.

My forecasts and stock valuations are based on WTI averaging $75/bbl and HH Ngas averaging $3.50/MM/btu in 2025.

Read more: https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Sees-Limited-Upside-for-Oil-Prices-in-2025.html

In my opinion the "Right Price" for oil is $75 to $85, with risk to the upside if Trump wins the election because he will enforce sanctions against Iran. Also, OPEC+ spare capacity is much lower than the Wall Street Gang is telling people. Watch the Marshall Atkins' interview.