Goldman Sachs warns: Imbalance of supply and demand will worsen, and the decline in oil prices will continue until 2026.

According to the Securities Times app, Goldman Sachs Group stated on Monday that it expects the decline in oil prices to continue until 2026. The reason is that the sharp increase in production will create a large-scale oversupply of about 2 million barrels per day in the market. The bank predicts that the average price of Brent crude oil in 2026 will be $56 per barrel, while WTI crude oil will be $52 per barrel, lower than the current forward contract prices of $63 and $60 respectively.