Goldman Cuts 2025 Brent Crude Outlook Due to Concerns Over China Demand

Wednesday, 28 August 2024, 00:05

Goldman cuts 2025 Brent crude outlook to $77 as concerns mount over China demand. Crude futures decline following prior middle east tensions with analysts noting global demand shortfalls.
Seeking Alpha
Goldman Cuts 2025 Brent Crude Outlook Due to Concerns Over China Demand

Goldman Adjusts Brent Crude Forecast

In a significant market shift, Goldman Sachs has lowered its 2025 Brent crude forecast to $77 per barrel. This adjustment comes as concerns over China’s demand have intensified, leading to a reevaluation of long-term pricing expectations.

Market Reactions and Future Implications

Crude futures experienced a downturn after rising on tensions in the Middle East. The analysts at Goldman Sachs highlighted a worrying trend in global oil demand and rising inventories, suggesting that the recovery might not be as robust as previously anticipated.

What This Means for Investors

Investors should brace for potential volatility in energy markets, as shifting demand dynamics could influence pricing strategies. Close monitoring of China’s economic indicators will be vital to understanding future trends.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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