ABNamro: Oil oversupply and European gas price stabilization
5/12 10:30
”We expect Brent crude to average $55/b in 2026, gradually declining to $50/b by year-end. TTF gas prices forecast to average €30/MWh in 2026, with summer prices falling to €26/MWh. We expect Brent crude to average $55/b in 2026, gradually declining to $50/b by year-end. This reflects a persistent supply glut caused by weak demand […]...