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Posted February 11, 2026EIA forecasts lower oil prices in 2026 and 2027 due to persistent stock builds ›
Data values: International Petroleum and Other Liquids Production, Consumption, and Inventories and Energy Prices
We forecast that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of $69 per barrel (b) in 2025 to $58/b in 2026 and $53/b in 2027. Crude oil prices tend to decrease as global petroleum stocks increase. Persistently high implied global oil inventory builds in the near-term are putting downward pressure on crude oil prices despite heightened uncertainty around the volume of crude oil exports from Russia and Venezuela.
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- Coal Transportation Rates to the Electric Power Sector
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