Goldman Sachs: It is expected that Iran's oil supply will decline before Q2, with Brent crude oil projected to reach $78 in June.
Goldman Sachs predicted on Friday that Iran's crude oil production will decrease slightly. The investment bank's base forecast is that by the second quarter of 2025, Iran's crude oil supply will drop by 0.3 million barrels per day to 3.25 million barrels per day. Analysts also predict that the benchmark Brent crude oil will reach a peak of $78 per barrel in June. Goldman Sachs stated in a research report: "Although we believe there is a risk of a decline in Iranian production compared to current levels and our forecast, we still maintain our basic expectation that Iranian crude oil production will drop to 3.25 million barrels per day in the second quarter of 2025." Goldman Sachs expects Iran's oil exports to continue to decline. Goldman Sachs stated.
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