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لبنان ٢٤
U.S. energy officials boost oil price forecasts
The U.S. Energy Information Administration has raised its forecast for oil prices for the current and upcoming years, anticipating that the average price of Brent crude will reach around $98 per barrel in 2026, an increase of 8% from previous predictions. This upward revision is due to declining global inventories and a shortage of diesel supplies resulting from the war with Iran. It is expected that Brent prices will be approximately $105 per barrel in the fourth quarter of 2026, reflecting continued price increases driven by disruptions in oil flow through the Strait of Hormuz. The crisis is projected to persist into 2027, with an average price of $84 per barrel, alongside a reduction in production halts from 4.5 million barrels per day to 2.7 million barrels at the start of 2027.
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