New Delhi, Oct. 12 -- Global crude oil prices could remain elevated through 2027, with the outlook hinging on the extent of supply disruptions in West Asia, damage to energy infrastructure and the pace at which oil production recovers from the ongoing conflict, according to projections by Goldman Sachs and S&P Global Energy.
Goldman Sachs has outlined a scenario in which Brent crude could average around $125 per barrel in 2027 if average Gulf oil production remains 5 million barrels per day (mb/d) below February 2026 levels. This compares with the investment bank's base-case assumption of production remaining 0.3 mb/d below the February benchmark. Further damage to oil infrastructure, increased attacks on shipping and a prolonged geopoliti...