The average price of Brent oil in 2026 will be $79, - U.S. Department of Energy

Юлия Воробьева Exclusive
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- According to the agency's statement, the new estimate is 36.7% or $21 higher than the previous one mentioned in the February report, where the price was $58.

The document emphasizes that the revision of the forecast is due to the "beginning of military actions in the Middle East" and the "effective closure of the Strait of Hormuz."

"We expect that the price of Brent crude oil will remain above $95 per barrel in the next two months, then drop below $80 per barrel in the third quarter of 2026 and reach around $70 per barrel by the end of the year," the March report states.
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