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WoodMac cuts brent crude oil forecast for 2027 amid phased Strait of Hormuz reopening
Global energy consultancy Wood Mackenzie (WoodMac) now expects the price of Brent crude oil to average $78/bl in 2027 and potentially ease to $70/bl by the fourth quarter of 2027. This forecast follows on the back of the memorandum of understanding (MoU) agreed to between the US and Iran in recent days, paving the way for shipping to resume through the Strait of Hormuz.
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engineeringnews.co.za
WoodMac cuts brent crude oil forecast for 2027 amid phased Strait of Hormuz reopening
Global energy consultancy Wood Mackenzie (WoodMac) now expects the price of Brent crude oil to average $78/bl in 2027 and potentially ease to $70/bl by the fourth quarter of 2027.…
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cryptobriefing.com
Macquarie slashes Brent crude oil price forecast for 2026 and 2027
Macquarie cuts Brent crude forecasts to $80 for 2026 and $75 for 2027, joining Goldman Sachs and Citi in anticipating increased Middle East oil supply.
