A promising forecast for oil! The prices of many products in Turkey will be affected.

A promising forecast for oil! The prices of many products in Turkey will be affected.

27.08.2025 16:45

The U.S.-based investment bank Goldman Sachs stated that the price of Brent crude oil could fall below $50 per barrel by the end of 2026. It was noted that, due to Turkey being a net oil importer, a decrease in energy imports would contribute to a reduction in the current account deficit and lower costs.

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The American investment bank Goldman Sachs announced that the price of Brent crude oil could fall below $50 per barrel by the end of 2026 due to the expected increase in global oil stocks.



AN INCREASE OF 800 MILLION BARRELS IN STOCKS IS EXPECTED



According to the bank's forecasts, there will be an average surplus of 1.8 million barrels of oil per day from the end of the fourth quarter of 2025 to the end of the fourth quarter of 2026. This will lead to an increase of approximately 800 million barrels in global stocks. It is predicted that the amount of oil stored by OECD countries will reach 270 million barrels, accounting for one-third of total stocks.



BRENT PRICE WILL FALL BELOW $70 LEVEL



Goldman Sachs stated that Brent prices will remain close to futures contracts throughout 2025, but with the rapid increase in OECD stocks, they will decline below these levels in 2026. The bank emphasized that Brent crude oil, currently at $66, could fall below $50 by the end of 2026.



IMPACT ON THE TURKISH ECONOMY



Turkey is among the net oil-importing countries. A decrease in energy imports may contribute to a reduction in the current account deficit, while also leading to a decrease or stabilization of costs in many areas, from the industrial sector to retail prices. This development is expected to support the Turkish economy.



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