2 news · updated Aug 12, 2026

EIA oil supply rises

2026-08-11

US EIA raises global oil price estimate as Strait of Hormuz transits remain limited

The US EIA raised its global oil price forecast due to limited Strait of Hormuz transits, projecting Brent crude at $85/bbl in late 2026. Disruptions impacting one-third of global crude flows affect c

icis · 2026-08-11 00:00 UTC

2026-07-14

EIA Predicts Global Oil Production to Fully Recover by Year-End

The EIA forecasts global oil production will fully recover by year-end, lowering Brent crude price expectations to $74 per barrel for Q3. Increased supply is expected to create market oversupply by ea

ccin · 2026-07-14 00:00 UTC

EIA oil supply rises

US EIA raises global oil price estimate as Strait of Hormuz transits remain limited

EIA Predicts Global Oil Production to Fully Recover by Year-End

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