According to JPMorgan Chase, the bank forecasts average oil prices of $96 per barrel for 2026. The bank projects quarterly prices at $103/barrel for Q2, $104/barrel for Q3, and $98/barrel for Q4.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saudi Aramco Warns Oil Market Recovery May Delay to 2027 Amid Strait of Hormuz Disruptions
According to Saudi Aramco CEO Amin Nasser on May 11, the Strait of Hormuz disruptions could trigger an unprecedented global oil supply shock, potentially delaying market recovery to 2027. If the critical shipping channel remains blocked long-term, global crude supply could drop by
GateNews10m ago
India Rejects U.S.-Sanctioned Russian LNG, Tanker Stranded in April
According to Reuters and two sources familiar with the matter, India rejected Russia's offer to sell U.S.-sanctioned liquefied natural gas (LNG) in mid-April, leaving a tanker stranded. The LNG cargo, originating from Russia's Portovaya Baltic facility, could not be unloaded despite the vessel
GateNews10m ago
Trump Considers Restarting PROJECT FREEDOM Shipping Corridor on May 11
According to Fox News, on May 11, Trump said he is considering restarting PROJECT FREEDOM, a shipping corridor guidance plan introduced during the 2026 Iran crisis.
GateNews18m ago
Peru Authorizes Petroperu to Seek $2 Billion State-Guaranteed Loan on May 11
According to an emergency decree issued on May 11, Peru's government has authorized state-owned oil company Petroperu to seek $2 billion in state-guaranteed loans to ensure business continuity. The decree stipulates that the Energy and Mining Ministry will assume contingent liabilities and related
GateNews24m ago
Bitcoin Holds Above $81K as Iran Rejects U.S. Peace Framework, Brent Crude Surges Past $104
According to The Block, Bitcoin is trading above $81,000 on Monday, briefly clearing $82,000 earlier in the session and sustaining a monthly gain of over 11%, as geopolitical uncertainty rather than fundamentals drives market direction. Iran rejected the Trump administration's peace framework,
GateNews56m ago
Three Oil Tankers Depart Hormuz Strait on Sunday, Ending Three-Day Transit Halt
According to ship-tracking company Kpler, three oil tankers departed Hormuz Strait on Sunday, ending three consecutive days without vessel transits through the strategic waterway. The tankers—Stella, Kiara M, and Agios Fanourios I—were tracked leaving the region, with two of them appearing to have l
GateNews1h ago