en.Wedoany.com Reported - The U.S. Energy Information Administration (EIA) forecast in its June Short-Term Energy Outlook that the average spot price of Brent crude oil will be $95 per barrel in 2026, falling to $79 per barrel in 2027, compared to an estimated $69 per barrel in 2025. The EIA stated that the average Brent crude oil price in June and July was $105 per barrel, due to ongoing restrictions on oil shipments during the U.S.-Israel war against Iran, as well as declining oil production and inventories. The EIA expects that in 2027, "when supply flows and oil production recover," the average oil price will be $79 per barrel.

For Henry Hub natural gas prices, the EIA forecasts $3.60 per million British thermal units (MMBtu) in 2026 and $3.46 per MMBtu in 2027, compared to $3.53 per MMBtu in 2025. The Henry Hub natural gas spot price averaged $2.94 per MMBtu in May, up $0.17 from April, as higher temperatures boosted demand from the power sector. However, supply growth continued to outpace demand, leading to downward revisions in the latest outlook compared to previous forecasts. The EIA predicts that the average Henry Hub natural gas price in the second half of 2026 will be $3.43 per MMBtu.

According to EIA data, U.S. crude oil production will average 13.6 million barrels per day (b/d) in 2025, 13.7 million b/d in 2026, and rise to 14.2 million b/d in 2027.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com