Oil market may have been “scarred” by the banking crisis
Goldman’s Currie interview part 1: Banking crisis to slow, not derail, oil’s upward trajectory
Head of commodity research sees prices heading back above $90/bl by the end of the year despite scarring effects of crisis slowing oil’s rise
The oil market may have been “scarred” by the current banking crisis, but the fundamentals all point to an upward move not far short of triple digits by the end of the year, says Goldman Sachs’ head of commodity research, Jeff Currie, in a wide-ranging interview with Petroleum Economist in which he highlights that the supply side may have been damaged more than the demand side by the financial contagion. The recent banking crisis has seen analysts revise down their expectations around oil prices. Where do you see Brent this year and next? And where do you see the risks to this forecast? Jeff Currie, head of commodity research at Goldman
Also in this section
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
20 March 2026
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
20 March 2026
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
