Macquarie cuts Brent crude forecasts to $80 for 2026 and $75 for 2027, joining Goldman Sachs and Citi in anticipating increased Middle East oil supply.

Global energy consultancy Wood Mackenzie (WoodMac) now expects the price of Brent crude oil to average $78/bl in 2027 and potentially ease to $70/bl by the fourth quarter of 2027.…

Macquarie cuts Brent crude forecasts to $80 for 2026 and $75 for 2027, joining Goldman Sachs and Citi in anticipating increased Middle East oil supply.