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Experts expect oil prices to remain in $80-100 range over next year — Bloomberg

TASS · · 169 words

The article reports on a Bloomberg consensus estimate predicting Brent crude oil prices will range between $81 and $100 per barrel over the next year. It attributes price stability to potential declines in global demand and projected increases in US oil production, despite ongoing geopolitical tensions involving the US, Israel, and Iran.

open_in_new Read the original article: https://tass.com/economy/2134387

analyticsAnalysis

10%
Propaganda Score
confidence: 95%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkFact-Check Results

2 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

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info Single Source 1
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“Average price of Brent crude over the next 12 months is expected to remain in the range of about $81-100 per barrel, according to a Bloomberg consensus estimate based on a survey of 126 asset managers and experts.”
CORROBORATED
Two independent sources (Bloomberg and InvestingLive) explicitly confirm that a Bloomberg Intelligence survey of 126 asset managers and energy market participants expects Brent crude to average between $81 and $100 per barrel over the next 12 months.
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web search NEUTRAL — Summary: Source: Bloomberg Intelligence survey, 126 respondents, energy market participants and asset managers. A majority expect Brent to average $81 to $100 a barrel over the next 12 months.
https://investinglive.com/commodities/oil-seen-capped-near-1…
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web search NEUTRAL — that received 126 responses this month from asset managers and other energy market specialists. A majority of market participants expect Brent to average $81 to $100 a barrel over the next 12 months.
https://www.bloomberg.com/news/articles/2026-05-21/oil-near-…
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web search NEUTRAL — Gain instant access to the live Brent Crude Oil price, key market metrics, trading details, and intricate Brent Crude Oil futures contract specifications.Today’s trading range for Brent Oil futures is…
https://www.investing.com/commodities/brent-oil
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“Experts also anticipate oil production growth in the United States, which could reach a record 14.1 million barrels per day in 2027.”
SINGLE SOURCE
The provided evidence does not contain any information regarding US oil production projections for 2027. One source mentions Nigeria's targets for 2027 and another mentions JPMorgan's inflation outlook for 2027, but neither mentions a 14.1 million barrels per day projection for the US.
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web search NEUTRAL — Nigeria, Africa’s biggest oil producer, has set a target of boosting daily production by 2.7 million barrels of crude and condensate by 2027. This was disclosed by the special adviser on energy, Olu V…
https://nairametrics.com/2025/02/03/nigeria-targets-2-7-mill…
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web search NEUTRAL — JPMorgan warns global oil supply disruptions of 13.7 million bpd in April could push Brent to $150 and lift US inflation to 4%, with the Fed on hold well into 2027. Summary: Global oil supply disrupti…
https://investinglive.com/commodities/icymi-jpmorgan-warns-o…
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web search NEUTRAL — “In April, crude oil production by countries participating in the DoC decreased by 1.74 mb/d, m-o-m, to average about 33.19 mb/d,” OPEC said in its report.But OPEC expects non-DoC supply growth to slo…
https://marketbusinessnews.com/opec-now-expects-global-oil-d…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.