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EIA Sees Brent Price Dropping in 2026 and 2027
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The U.S. Energy Information Administration (EIA) predicts that oil and other liquid production will continue to exceed global demand, leading to Brent crude prices falling from an average of $69 per barrel (b) in 2025 to $58/b in 2026 and $53/b in 2027. Crude prices tend to decline when world oil stocks increase. The high and persistent implicit accumulations of global short-term oil inventories are putting downward pressure on crude oil prices,…
EIA forecasts lower oil prices in 2026 and 2027 due to persistent stock builds
EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.
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