US Energy Department lowers forecast for Brent oil price of in 2026 to $94.85 per barrel

TASS · May 12, 2026 · 154 words

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What to know about US Energy Department lowers forecast for Brent oil price of in 2026 to $94.85 per barrel

The article reports on the US Department of Energy's Energy Information Administration (EIA) updating its Brent crude oil price forecasts for 2026 and 2027. It notes that production disruptions in the Middle East are expected to reduce global oil inventories.

Propaganda risk 0%

Claims checked 4

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The US Department of Energy has slightly lowered its forecast for the average price of Brent crude oil in 2026 by 1.2%, to $94.85 per barrel from $96 per barrel, as follows from a report by the department's Energy Information Administration (EIA).

Why it matters

According to the report, the average Brent crude oil price in 2027 will average $79.39 per barrel.

Common ground

The Department of Energy notes that production disruptions in the Middle East are leading to a significant reduction in oil inventories, particularly in May and June, limiting downward pressure on oil prices even after shipping through the Strait of Hormuz…

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: US Energy Department lowers forecast for Brent oil price of in 2026 to $94.85 per barrel?
What evidence would most clearly confirm or weaken the claim that According to the report, the average Brent crude oil price in 2027 will average $79.39 per barrel?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://tass.com/economy/2130033

analyticsAnalysis

Propaganda Score

confidence: 100%

Low risk. This article shows minimal use of propaganda techniques.

fact_checkClaims Checked

eFinder analyzed this article and checked 4 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4

info

Claim 1: “According to the report, the average Brent crude oil price in 2027 will average $79.39 per barrel.”

SINGLE SOURCE

The evidence provided for this claim consists of general Wikipedia entries about the United States and USAGov, which contain no information regarding oil price forecasts for 2027.

travel_explore

web search NEUTRAL — An orthographic projection of the United States The following outline is provided as an overview of and topical guide to the United States: United States of America – federal republic located primaril…
https://en.m.wikipedia.org/wiki/Outline_of_the_United_States

travel_explore

web search NEUTRAL — The United States of America (USA), also known as the United States (U.S. or US) or colloquially as America, is a country that is mainly in North America. It is made of 50 states, 1 federal district (…
https://simple.m.wikipedia.org/wiki/United_States

travel_explore

web search NEUTRAL — Get facts about the U.S., its laws, history, and statistics. Buy government property. Learn about the president and how to contact elected officials and federal agencies.
https://www.usa.gov/about-the-us

info

Claim 2: “The US Department of Energy has slightly lowered its forecast for the average price of Brent crude oil in 2026 by 1.2%, to $94.85 per barrel from $96 per barrel”

SINGLE SOURCE

The provided evidence mentions that the EIA lowers price expectations and that HSBC raised a forecast to $95, but none of the sources provide the specific figures of $94.85 or $96 for the 2026 average price to confirm the 1.2% decrease.

travel_explore

web search NEUTRAL — We now expect that Brent crude oil prices will increase from an average of $81/b in 1Q26 to a peak of $115/b in 2Q26 before gradually falling to an average of $88/b in 4Q26.2027projected. Brent crude …
https://www.eia.gov/outlooks/steo/report/global_oil.php

travel_explore

web search NEUTRAL — Brent crude oil - values, historical data, forecasts and news - updated on May of 2026.
https://tradingeconomics.com/commodity/brent-crude-oil

travel_explore

web search NEUTRAL — EIA lowers price expectations for US and Brent crude oil this year.HSBC raises 2026 Brent price forecast to $95 per barrel By Reuters.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…

info

Claim 3: “we forecast global oil inventories will decrease by 2.6 million b/d this year, compared with a 0.3 million b/d decrease in last month’s forecast”

SINGLE SOURCE

While the evidence mentions that disrupted crude oil production in the Middle East has increased and that inventories fell by 2.3 million barrels, it does not provide the specific forecast of a 2.6 million b/d decrease compared to a 0.3 million b/d decrease from the previous month.

travel_explore

web search NEUTRAL — Map of countries with proven oil reserves – according to US EIA.Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves wh…
https://en.wikipedia.org/wiki/List_of_countries_by_proven_oi…

travel_explore

web search NEUTRAL — implied global oil inventory changes. Disrupted crude oil production volumes in the Middle East have increased significantly since our last forecast.
https://www.eia.gov/outlooks/steo/report/global_oil.php

travel_explore

web search NEUTRAL — Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA says. EIA Sees Brent Crude Peaking at $115/b in Q2 2026 Amid Supply Disruptions.Distillate fuel inventories also decrease…
https://www.oilmonster.com/article/us-crude-oil-inventories-…

info

Claim 4: “production disruptions in the Middle East are leading to a significant reduction in oil inventories, particularly in May and June”

SINGLE SOURCE

The evidence provided consists of dictionary definitions of the word 'production' and a general Wikipedia page on production economics. There is no mention of Middle East oil disruptions or inventory reductions in May and June.

travel_explore

web search NEUTRAL — The most important forms of production include market production, public production and household production. In order to understand the origin of economic well-being, we must understand these three p…
https://en.wikipedia.org/wiki/Production_(economics)

travel_explore

web search NEUTRAL — The meaning of PRODUCTION is something produced : product. How to use production in a sentence.
https://www.merriam-webster.com/dictionary/production

travel_explore

web search NEUTRAL — PRODUCTION meaning: 1. the process of making or growing goods to be sold: 2. the amount of something that is made or…. Learn more.
https://dictionary.cambridge.org/us/dictionary/english/produ…

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.