EIA lifts 2026 Brent forecast to $96 a barrel
The October outlook raised its 2026 and 2027 Brent price forecasts, citing constrained Middle East oil flows and market tightness.
Event / data period: 2026-10-06
Published: · Updated:
The U.S. Energy Information Administration’s October Short-Term Energy Outlook forecasts Brent crude oil at an average of $96 a barrel in 2026 and $84 in 2027. The October 6 report raised those projections from $91 and $74 in its September outlook, respectively, as it expected continued constraints on Middle East oil flows and stronger price pressure from tight diesel markets.
EIA said its model inputs were finalized on October 1, so the forecast does not account for market events after that date, including any additional petroleum placed on the market following the G7 announcement on October 2. The prices are agency forecasts, not observed future outcomes.
Data
EIA Brent crude price forecast
Annual Brent crude spot-price forecasts in the October 2026 Short-Term Energy Outlook.
- Brent crude spot-price forecast
- 96 USD per barrel
- 2026 · Forecast
- Brent crude spot-price forecast
- 84 USD per barrel
- 2027 · Forecast
Methodology
EIA forecast values from the October 6, 2026 Short-Term Energy Outlook. Model inputs were finalized October 1 and exclude subsequent market events.
Updated:
Subjects and places
Subject proposals
- Oil and gasSuggested
- Subject suggested from the title or summary: Brentwww.eia.gov ↗
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