Brent Crude Archives

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026? Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. The basin is a vast oil and gas region spanning parts of west Texas and southeastern New Mexico. Source: https://www.chevron.com/newsroom/our-operations

Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. The basin is a vast oil and gas region spanning parts of west Texas and southeastern New Mexico. Source: https://www.chevron.com/newsroom/our-operations

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026?

Phillip Godzin July 14, 2026

UBS projects Brent ending 2026 around 85 USD/bbl. J.P. Morgan sees an average near 60 USD/bbl for...

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026? Crude oil production in Pecos, Texas. Source: Chevron.

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026?

Jeremy Lichtman July 14, 2026

Overall, while there are several variables discussed that may influence Brent Crude prices, none provide conclusive evidence...

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026? With the setting sun, the gleaming lights of the Manifa causeway and its branches are more easily discernible, showcasing an intricate web of roads, oil pipelines, and towering rigs – an extraordinary network of continuous work and production.

With the setting sun, the gleaming lights of the Manifa causeway and its branches are more easily discernible, showcasing an intricate web of roads, oil pipelines, and towering rigs – an extraordinary network of continuous work and production.

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026?

Phillip Godzin July 9, 2026

Analyst forecasts for the remainder of 2026 vary but generally project averages in the 60–95 USD range,...

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026? The Permian Basin, an oil producing region spanning much of New Mexico and Texas. This is the highest oil producing field in the United States. Source: https://www.chevron.com/newsroom/2024/q4/energy-production-is-growing-in-new-mexico

The Permian Basin, an oil producing region spanning much of New Mexico and Texas. This is the highest oil producing field in the United States. Source: https://www.chevron.com/newsroom/2024/q4/energy-production-is-growing-in-new-mexico

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026?

Jeremy Lichtman July 7, 2026

Risks of a sharp drop include potential OPEC+ disagreements leading to price wars, unexpected severe recessions in...

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026 "Alpha," The first oil platform in the Brent oil field of the North Sea. A storm is underway.

"Alpha," The first oil platform in the Brent oil field of the North Sea. A storm is underway.

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026

Jeremy Lichtman July 2, 2026

Brent crude prices are influenced by geopolitical events, primarily the US-Iran relationship and the strategic Strait of...

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026? The 23,500 tonne “topside” of the Brent Delta platform. The Brent oil field is located 115 miles north east of the Shetland Islands in the North Sea. Source: Shell.

The 23,500 tonne “topside” of the Brent Delta platform. The Brent oil field is located 115 miles north east of the Shetland Islands in the North Sea. Source: Shell.

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026?

Phillip Godzin June 23, 2026

The 23,500 tonne “topside” of the Brent Delta platform. The Brent oil field is located 115 miles...

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026? 2000: The Brent Field was externally benchmarked as the highest-performing North Sea field. It was also internationally recognised as leading in the management of its facilities.

2000: The Brent Field was externally benchmarked as the highest-performing North Sea field. It was also internationally recognised as leading in the management of its facilities.

Jeremy: Will the price of Brent Crude fall below $50 per barrel in 2026?

Phillip Godzin July 1, 2026

Overall, while forecasts suggest a potential decrease, factors like geopolitical risks and supply disruptions make a drop...

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026? Traders at Work. Source: https://oilprice.com/

Phil: Will the price of Brent Crude fall below $50 per barrel in 2026?

Phillip Godzin June 18, 2026

This is its condensed report. Full version here. Grok response: Key recent context: Prices have fallen sharply...

Phil: Will the Strait of Hormuz reopen to all international maritime LNG traffic before July 31, 2026? “U.S. forces disabled Palau-flagged M/T Settebello as it transited the Gulf of Oman,” CENTCOM said in a statement. “A U.S. aircraft fired precision munitions into the ship’s engine room after the crew repeatedly failed to comply with directions from American forces.”