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Source: الراي
19 Hrsالراي
Source: الراي
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Fitch expects that the closure of the Strait of Hormuz caused a temporary shock to the oil market, but the market will return to surplus by the end of 2026, driven by rapid production growth in the Middle East and increased supplies outside of OPEC. It is estimated that the average Brent crude price will be around $87 per barrel in 2026, with a significant decrease in prices expected after the reopening of the strait at the end of July. The oil market is anticipated to experience a surplus of approximately 4 million barrels per day in the last quarter of the year, which will push supply above demand and exert downward pressure on prices.
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