Enverus, a prominent energy analytics firm, projects 2026 as a pivotal “reset year” for global oil prices and power markets. Their 2026 Global Energy Outlook anticipates Brent crude stabilizing around $55 per barrel. This report outlines significant shifts impacting the energy sector.
The outlook also highlights an expected increase in Permian basin gas production and tightening power grids. Furthermore, Enverus projects a more selective approach to energy transition investments. These developments unfold against a backdrop of persistent geopolitical risks.
Oil Price Projections
Enverus specifically forecasts Brent crude prices near $55 per barrel in 2026. This projection suggests a notable adjustment from current market conditions. The firm labels this anticipated shift a “reset” for global oil markets.
Natural Gas Supply Increases
The report details an expected increase in Permian basin gas supply. This surge in production from a key North American shale region will likely impact natural gas markets. Greater availability could influence pricing and distribution strategies.
Permian Basin Impact
Increased Permian gas supply offers potential benefits, including enhanced energy security. However, it also presents infrastructure challenges. Midstream companies must adapt their networks. Stakeholders monitor these developments closely.
Power Grid Tightening
Enverus anticipates tighter power grids in 2026. Growing electricity demand, coupled with evolving supply mixes, contributes to this tightening. Grid operators face increasing pressure to maintain reliability and balance sources.
Selective Energy Transition
The outlook points to a more selective approach for energy transition investments. Companies and governments will likely prioritize specific projects offering clear returns. This selectivity reflects a maturing market and cautious capital deployment.
Geopolitical Context
Ongoing geopolitical risks remain a critical consideration across all energy forecasts. These risks can disrupt supply chains, influence investment climates, and alter demand patterns. Enverus frames its outlook within this context, acknowledging inherent uncertainties.
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