The base case scenario for Brent is now $89/bbl for 2026 and $77/bbl for 2027, but the adverse scenarios assume $121 and $97, respectively, APA-Economics reports.
ING Group, the largest financial group in the Netherlands, has updated its forecast for global energy markets and raised its expectations for oil prices.
Analysts note that the upward revision of global energy price forecasts indicates rising risks in the market.
At the same time, it is emphasized that this dynamic positively affects the revenues of energy-exporting countries, but may also intensify global inflationary pressures.
It should be noted that the new oil price forecasts have been formed under conditions of ongoing global economic and geopolitical risks.