Goldman Sachs Flags Multi‑Year Oil Slide as Supply Swells

Goldman Sachs forecasts a prolonged period of lower oil prices through 2026 due to a large supply surplus driven by new long-cycle projects and OPEC+ production increases. The bank expects Brent to average $56 in 2026 before recovering toward $80 by 2028, prompting caution and strategic adjustments across the energy sector.