S&P keeps forecast for oil, gas prices until end of 2029 unchanged

S&P Global Ratings forecasts that oil and natural gas prices will remain stable from 2026 to 2029, Report informs referring to S&P.

S&P experts believe that the price of 1 barrel of Brent crude oil will average $110 in 2026, $80 in 2027, and $65 in 2028 and 2029.

1 barrel of WTI crude oil will trade at an average of $105 this year, $75 in 2027, and $60 in 2028 and 2029.

The update notes that the average price of 1,000 cubic feet of natural gas at the Henry Hub from 2026 to the end of 2029 will be $3.50.

The average price of 1,000 cubic feet of natural gas at the AECO hub will be $1.50 this year, and $1.75 from 2027 to the end of 2029.

The average price of 1,000 cubic feet of natural gas at the TTF will be $18 this year, $12 in 2027, $8 in 2028, and $7 in 2029.