This year, the world oil price will decrease from $69 to $56, - U.S. Department of Energy

Евгения Комарова Exclusive
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- The forecasts from the U.S. Department of Energy indicate that the average annual spot price for Brent crude oil will drop from $69 observed in 2025 to $56 in 2026. This information is presented in the January forecast from the Energy Information Administration.

Throughout 2025, oil prices decreased from $76 to below $64. In the upcoming year of 2026, further declines are expected: first to $59 in the first quarter, and then to $53 by the end of the year.

“According to our estimates, oil prices will decrease in 2026 as global oil production exceeds demand, leading to an increase in inventories,” the department's forecast notes.
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