EIA Short-Term Energy Outlook Report: Middle East supply disruptions expected to continue until the end of 2026

robot
Abstract generation in progress

ME News message, April 8 (UTC+8), the EIA Short-Term Energy Outlook report states that Middle East supply disruptions are expected to continue through the end of 2026. The Middle East oil production reduction caused by the closure of the Strait of Hormuz will increase to 9.1 million barrels per day in April. The Brent-WTI crude oil price spread is expected to reach a peak of $15 per barrel in April; by that time, Middle East crude oil supply disruptions will reach their maximum. It is forecast that the average U.S. retail gasoline price in 2026 will hit a new high since 2022. Global oil demand in 2026 is expected to be 104.6 million barrels per day, lower than the prior forecast of 105.2 million barrels per day; demand in 2027 is expected to be 106.2 million barrels per day, down from the earlier forecast of 106.6 million barrels per day. (Jin10) (Source: ODaily)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin