#OilPriceFalls Oil Prices Are Falling — Here’s the 2026 Analysis
Quick snapshot of current drivers
1. Supply glut is the main weight on prices
• EIA forecast: Brent averages $69/b in 2025, then drops to $58/b in 2026 and $53/b in 2027. Reason: global production keeps exceeding demand, leading to persistent stock builds. • Goldman Sachs: Expects Brent $56/b and WTI $52/b in 2026, citing a “2025-2026 supply wave” from pre-pandemic long-cycle projects finally coming online + OPEC+ unwinding cuts. Market surplus ∼2 million b/d. • IEA: Warns of an even bigger surplus next year of up to 4.09 million b/d. • Non-OPEC supply: Brazil, Guyana, Argentina, U.S. and others are ramping#OilPriceFalls #genius #OPG #PostonTradFi
Quick snapshot of current drivers
1. Supply glut is the main weight on prices
• EIA forecast: Brent averages $69/b in 2025, then drops to $58/b in 2026 and $53/b in 2027. Reason: global production keeps exceeding demand, leading to persistent stock builds. • Goldman Sachs: Expects Brent $56/b and WTI $52/b in 2026, citing a “2025-2026 supply wave” from pre-pandemic long-cycle projects finally coming online + OPEC+ unwinding cuts. Market surplus ∼2 million b/d. • IEA: Warns of an even bigger surplus next year of up to 4.09 million b/d. • Non-OPEC supply: Brazil, Guyana, Argentina, U.S. and others are ramping#OilPriceFalls #genius #OPG #PostonTradFi