Market Outlook & Price Forecast: The Looming Global Surplus
The global Oil and Gas market is entering 2026 under significant price pressure, driven by a consensus forecast of a substantial supply surplus that is expected to continue building inventories. As of late 2025, Brent crude oil prices have been fluctuating around $61–$65 per barrel (with a recent quote at $61.71/bbl), having fallen from a 2025 average of approximately $69/bbl. The primary...
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