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Goldman Sachs Maintains Brent Forecast of $80/barrel for Fourth Quarter of 2026

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(Reuters) – Goldman Sachs maintained on Thursday its Brent crude forecast of $80/barrel for the fourth quarter of 2026, saying lower Middle East supply should support prices if tensions between the United States and Iran ease by year-end. The investment bank said its forecast reflects price support from lower Middle East output in the second …

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UBS Cuts Brent Crude Price Forecasts on Improved Hormuz Oil Flows

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  UBS, on Thursday, cut its Brent crude price forecast by $25 for the September quarter to about $80 a barrel, on average, and now expects prices to hold the quarter after, citing the rise in oil flows via the Strait of Hormuz after the recent U.S.-Iran agreement. The bank also lowered its 2027 average …

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Barclays Cuts Brent Price Forecasts for 2026 and 2027

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(Reuters) – Barclays on Friday cut its Brent crude price forecasts to $96 per barrel for 2026 and $85 per barrel for 2027, down from $100 and $88 respectively, after an increase in oil flows through the Strait of Hormuz. Crude prices were on course for weekly losses, as more oil tankers exited the strait, …

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UBS Cuts Brent Forecasts But Says Output Recovery May Lag Market Expectations

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(Reuters) – UBS on Thursday cut its Brent crude forecasts to $85 a barrel for end-September and end-December, from $105 and $95 respectively, and said a recovery in oil production from the Iran war was likely to be slower than the market expects. An interim deal last week to end the U.S.-Israeli war on Iran, …

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JP Morgan Lowers Brent Crude Price Forecast for Second-Half 2026

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(Reuters) – J.P. Morgan on Wednesday lowered its second-half 2026 Brent crude oil price forecast due to lower-than-expected OECD commercial inventory draws and lower demand for oil. The bank sees Brent averaging $86 per barrel in the third quarter, $80 in the last quarter, and expects to exit 2026 at $78, according to a research …

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Goldman Lowers Oil Price Forecasts on Deal to Reopen Strait of Hormuz

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  Goldman Sachs lowered its fourth-quarter Brent crude oil price forecast to $80 from $90 and cut its 2027 average estimate to $75 from $80, after the U.S. and Iran signed a preliminary agreement to reopen the Strait of Hormuz. Analysts at the investment bank said in a research note released late on Monday they …

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Morgan Stanley Lowers Brent Oil Price Forecasts After US-Iran Peace Deal

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Morgan Stanley has lowered its Brent crude oil price forecast for the fourth quarter of this year by $15 per barrel to $80, after the U.S. and Iran signed a preliminary agreement to end the war in the Gulf. “From here, it likely takes several weeks for tanker flow to be restored; we see 50% …

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Devon Energy provides Full-Year Forecast After Merger With Coterra Energy

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June 9 (Reuters) – Devon Energy (DVN.N) on ​Tuesday said it expects ‌production to average 1.38 million barrels of oil equivalent per ​day in 2026, including ​oil output of 500,000 barrels ⁠per day, following the completion ​of its merger with ​Coterra Energy. The U.S. oil and gas producer forecast full-year 2026 capital spending ​of about …

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Goldman Sachs Says Global Oil Demand Takes Big Hit, Sees Risks to Price Forecast

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  Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90 a barrel and WTI forecast of $83 per barrel. The bank estimated 4 million to 5 million barrels per day (mb/d) of global oil …

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Oil Prices Fall on Mounting Hopes for De-Escalation in US-Iran War

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Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to estimates HOUSTON, June 5 (Reuters) – Oil ​prices fell on Friday as traders gained confidence that renewed conflict between the U.S. and Iran ‌was growing …

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