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- Kuwait Airways and Impulse sign strategic agreement
- Russian crude exports slide on drone strikes and Trump's tariffs
- QFMA issues code of governance for listed companies
- Adnoc signs 15-year LNG sales & purchase agreement with IndianOil for Ruwais LNG project
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- UAE businesses must keep tax records, file returns on time to avoid penalties, warns FTA
- Qatar's investment in quantum computing could redefine Gulf's tech landscape
- Commercial Bank first bank in Qatar to offer Visa Commercial Pay to SMEs
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28/08/2025 03:08 AST
Goldman Sachs, a leading investment bank, has said that it expects Brent crude oil prices to decline to the low $50s per barrel by late 2026 due to a widening of the oil surplus next year.
"We expect the oil surplus to widen and average 1.8 million barrels per day in 2025 Q4 - 2026 Q4, resulting into a nearly 800 million barrels rise in global stocks by end 2026," the bank said in a note.
Earlier, in an August 3 note, Goldman Sachs said Brent could average $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.
"Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, especially given the faster-than-expected normalisation in spare capacity," the investment bank had said.
Trade Arabia
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 66.32 | -0.09 | -0.14 |
| WTI | 63.35 | -0.47 | -0.74 |
| OPEC Basket | 68.91 | -0.58 | -0.83 |
28/08/2025
Ukrainian drone strikes on Russia's oil export pipelines and a doubling of US tariffs on goods imported from India appear to be hitting Moscow's crude flows.
Weekly crude shipments from Russ
Bloomberg
28/08/2025
Oil prices steadied on Wednesday, after falling in the previous session, as investors watched for fresh developments in the Ukraine war and weighed hefty new US tariffs on India, the world's third-bi
Reuters
22/08/2025
Oil prices rose on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support.
Brent crude futures were
Reuters
21/08/2025
Iraq has signed an agreement in principle with US oil major Chevron for the Nassiriya project, which includes four exploration blocks, reports said.
Iraqi Prime Minister Mohammed Shia Al-Su
Trade Arabia
20/08/2025
Oil prices slipped on Tuesday as market participants contemplated possible three-way talks involving Moscow, Kyiv and Washington to end the war in Ukraine, which would likely lead to the lifting of s
Reuters
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