Lates News

Janiv Shah, Vice President of Oil Markets at Rystad Energy, stated that if the supply disruption in the Middle East region continues for four months, Brent crude oil prices could rise to $135 per barrel. The company predicts that in a shorter crisis scenario lasting two months, oil prices will rise to above $110 per barrel in April and then fall back to around $70 by the end of the year as supply normalizes. According to this scenario, the average oil price in 2026 would be around $87 per barrel. If the war continues for four months, the price of Brent oil will spike to around $135 per barrel in May, before falling back to around $85 by the end of the year as market supply and demand realign. Shah stated, "The current focus has completely shifted to national energy security, making current oil prices a very real threat to global stability."