Goldman Sachs: The Largest Oil Crisis in History Sparks Strategic Reassessment

K-LinePoet · 2026-03-26T19:23:57+00:00

Goldman Sachs' oil team pointed out that due to supply shocks, energy risk issues will be re-evaluated. They expect that after the reopening of the Strait of Hormuz, strategic reserve levels will increase, and the market will incorporate a safety premium. Although this crisis mainly affects Asian markets, inventories in Western regions are rising. Goldman Sachs forecasts that the average price of Brent crude oil from March to April will reach $110, and the average price of WTI crude oil will be $98 and $105 respectively.

K-LinePoet

2026-03-26 19:23:57

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Goldman Sachs’ oil team states that this unprecedented oil supply shock is likely to prompt a reassessment of energy risk issues. “We expect that after the reopening of the Strait of Hormuz, policymakers will rebuild higher strategic reserves, and the market will also incorporate a safety premium into long-term prices,” Goldman Sachs said. The impact has not yet fully affected Western regions and remains mainly a localized crisis, leading to a significant drop in oil transportation and tight supply in Asian markets (which typically account for 95% of Hormuz imports). However, commercial crude oil inventories in the US and OECD countries are rising. Goldman Sachs currently forecasts Brent crude prices to average $110 from March to April, which is 62% higher than the average price in 2025. It predicts that the March WTI crude oil price will be $98, and $105 in April, as the market will consider US export prices, widening the price gap between US and Brent crude.

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