World Bank: Brent Oil Price To Fall To Five-year Low

• 29.10.2025, 21:35

In 2026.

In 2026, the average price of a barrel of Brent crude oil in 2026 may fall to $60, which will be the lowest in the last five years. This is stated in the report of the World Bank.

The document says that in 2025 the oil market glut has increased significantly, in 2026 is expected to increase by 65% compared to the last maximum in 2020.

"According to forecasts, Brent oil prices are expected to fall from an average of $68 per barrel in 2025 to $60 in 2026 - a five-year low," the bank predicts.

According to its data, in general, in 2025, energy prices are projected to fall by 12%, and in 2026 - by another 10%. In addition, sales of electric cars are expected to rise sharply by 2030, which could further reduce oil demand.