92 Days
Source:
وكالة الأنباء القطرية
Banks revise oil forecasts after Hormuz deal
Global investment banks, including Goldman Sachs and Morgan Stanley, have lowered their oil price forecasts following the preliminary agreement between the United States and Iran to reopen the Strait of Hormuz. This is expected to restore Gulf oil flows to their normal levels in the coming months. Price expectations have declined, with Goldman Sachs reducing its Brent forecast to $80 per barrel in the fourth quarter of 2023 and also lowering its 2027 forecast to $75. Meanwhile, these banks have emphasized that the market could experience a decline in prices as oil supplies are restored.
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