11:06 - 16.06.2026
June 16, Fineko/abc.az. Goldman Sachs, one of the world's largest investment banks, has revised down its expectations for the energy market amid de-escalation in the Middle East and the imminent opening of the Strait of Hormuz.
ABC.AZ reports, referring to bank's analytical note, that this decision is linked with the rapid recovery of logistics chains in the Persian Gulf:
A new benchmark for Q4: Goldman Sachs experts have lowered their forecast for the average price of crude oil Brent for Q4 of this year from $90 to $80 per barrel.
Ahead of schedule: A group of analysts led by Daan Struyven noted that crude oil exports from the Persian Gulf will return to pre-war volumes by the end of July - a month earlier than expected by the baseline models before the signing of the memorandum.
