KUALA LUMPUR, Oct 29 (Bernama) -- Brent crude oil prices are expected to average between US$80 per barrel and US$95 per barrel in 2027, assuming a progressive restoration of West Asian oil exports and a recovery in global supply that outpaces demand growth, analysts said.
Brent Crude Oil Prices Expected To Average US$80-US$95 Per Barrel In 2027 - Analysts
Brent, Budget 2027, Stephen Innes, Ray Choy, OPEC+
Key takeaways
Brent crude oil prices are expected to average between $80 and $95 per barrel in 2027, according to analysts.
- Analysts predict Brent crude oil prices will average $80-$95 per barrel in 2027.
- Geopolitical risks and high shipping costs may affect oil prices and trade.
- Higher oil prices could benefit Malaysia's petroleum revenue but may increase fuel subsidies.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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