Goldman Sachs predicts Brent oil to average $64 per barrel in Q4 2025 and $56 in 2026, noting risks from global developments. Pressure on Russia and Iran poses upside risk, while U.S. tariff threats could impact demand growth. Weaker U.S. economic data raises recession chances. OPEC+ agrees to raise oil production by 547,000 bpd for September. Goldman expects stable production quotas post-September. Brent crude trades at $69.27, WTI at $66.96. Limited risk of disruptions in Russian supply due to demand and buyer eagerness, analysts say. Indian refiners halt Russian oil purchases as discounts narrow and Trump warns against buying from Moscow.

Read more at Yahoo Finance: Goldman keeps Brent oil forecast, but flags downside risks to demand