Goldman Sachs cuts Q2 2026 oil forecasts after US-Iran truce
NewsBytes | April 9, 2026 2:39 PM CST
Goldman Sachs flags Brent $115 risk
Goldman is sticking with its Q3 and Q4 forecasts for now, but warns Brent could average as high as $115 in Q4 in a severe scenario if the ceasefire falls apart and about 2 million barrels per day of persistent Middle East production losses continue.
For Europe, they've set TTF gas at €50 per MWh, though if LNG flows are significantly delayed or production infrastructure is damaged, prices could go above €75 per MWh.
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