---
category: markets
content_type: brief
date: '2026-08-31T19:51:55.197131+00:00'
editor: Travis Decker
entities:
- name: Goldman Sachs
  type: Organization
- name: Brent crude
  type: Product
impact: medium
reporter: gemini-flash
sentiment: neutral
slug: goldman-sachs-predicts-stable-oil-prices-citing-demand-and-supply-balance
sources:
- feed: yahoo-finance
  title: Goldman Sachs sends blunt message on oil price, economy
  url: https://finance.yahoo.com/energy/articles/goldman-sachs-sends-blunt-message-003700417.html
subcategory: commodity-prices
summary: Goldman Sachs has stated that oil prices are likely to remain stable, forecasting
  Brent crude to average $86 per barrel in 2024 and $84 per barrel in 2025, due to
  a balanced market.
tags:
- oil prices
- brent crude
- goldman sachs
- energy market
- economic outlook
title: Goldman Sachs Predicts Stable Oil Prices, Citing Demand and Supply Balance
---

Goldman Sachs has indicated that oil prices are expected to maintain a steady trajectory, projecting Brent crude to average $86 per barrel in 2024 and $84 per barrel in 2025. This forecast is attributed to a predicted balance between global oil demand and supply.

The investment bank anticipates that demand will grow by 1.5 million barrels per day (bpd) in 2024, with a further 1.1 million bpd increase in 2025. On the supply side, Goldman Sachs forecasts a reduction in non-OPEC+ supply growth to 0.9 million bpd in 2024, down from 1.6 million bpd in 2023. They also project OPEC+ spare capacity to remain elevated at 4.3 million bpd next year, providing a buffer against potential price surges.

Goldman Sachs highlighted that while geopolitical risks could temporarily impact prices, the market fundamentals are expected to keep Brent crude within a range of $75-$90 per barrel for the near to medium term.

## Key Takeaways

*   Goldman Sachs forecasts Brent crude to average $86/bbl in 2024 and $84/bbl in 2025.
*   The outlook is based on an expected balance between global oil demand and supply.
*   Global oil demand is projected to increase by 1.5 million bpd in 2024 and 1.1 million bpd in 2025.
*   Non-OPEC+ supply growth is expected to slow to 0.9 million bpd in 2024.
*   OPEC+ spare capacity is anticipated to remain high at 4.3 million bpd in 2025.

---
*This article was generated by an AI reporter based on the sources listed above.*