News Brief · Global · Published 23 Aug 2026, 12:10
EIA expects Brent oil to ease from about $85 as supply recovers
The August outlook links oil supply, inventories and geopolitical disruption to the energy costs faced by households and firms worldwide.
The US Energy Information Administration forecast Brent crude at about $85 a barrel in the third quarter of 2026 and around $69 in 2027 as inventories rebuild.
What happened
The monthly outlook revised the expected path for global energy markets, incorporating supply disruption, recovery and the effect of inventories on future prices.
Why it matters
Oil prices feed into transport, production and household energy costs, affecting inflation, real income and trade balances differently across countries.
Economic context
Forecasts are highly uncertain because geopolitical events and producer decisions can change supply quickly, while demand depends on global growth.
Key data
- brent_2027
- about $69 per barrel
- brent_q3_2026
- about $85 per barrel
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