Goldman Sachs Raises Brent Oil Price Forecast to $85/Barrel for 2027
What happened
Goldman Sachs raised its Brent crude oil price forecast to $85 per barrel for December. The bank stated this adjustment was made after energy prices increased across Asia-Pacific markets over the preceding weeks. The forecast increase is linked to the onset of the Iran war and the closure of the Strait of Hormuz, which has reduced energy supply to Asia.
Why it matters
The higher oil forecast is expected to be reflected in import prices and producer prices across the region in September. While consumer price increases are moderated by fiscal subsidies and regulated prices in many countries, core CPI inflation forecasts have moved higher regionally.
Who's involved
- BrentThe commodity whose price forecast was raised by Goldman Sachs.
- JapanA major energy importer affected by rising oil prices.
- DieselA product whose market price is directly driven by the Brent forecast.
- Delta Air LinesAn airline whose operational fuel costs are impacted by rising Brent prices.
- PetrovietnamA national oil company whose revenue potential increases with the Brent forecast.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JapanSpeculative
Higher energy costs could increase import prices and inflation risk for the major energy importer.
- DieselSpeculative
The market price of diesel could rise due to the Brent price forecast increase.
- Delta Air LinesSpeculative
Operational fuel costs for Delta Air Lines could increase due to the rising Brent price forecast.
- PetrovietnamSpeculative
The revenue potential for the national oil company could increase with the higher Brent forecast.
Keep exploring
The entities involved
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Malaysia
country in Southeast Asia
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Philippines
archipelagic country in Southeast Asia
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Vietnam
country in Southeast Asia
Related events
- Economic forecasts for Malaysia are being benchmarked against World Economic Forum data, with joint advice provided.
- A WTW report compares salary hike trends across several Southeast Asian countries, including the Philippines, Thailand, Singapore, Vietnam, Malaysia, and Indonesia.
- Middle East hostilities increase oil price volatility, while the Philippines aids Taiwan's semiconductor supply chain and BSP monitors domestic banking health.