US forecasters expect oil near $100 this year, easing in 2027
Source: U.S. Energy Information Administration, "Short-Term Energy Outlook", published 10 November 2026.
What the source says
Crude oil, a feedstock for resins and bitumen, is forecast to average $97 a barrel in 2026 and $86 in 2027, remaining near $100 for the rest of this year. Henry Hub natural gas averages $2.87 per million Btu this winter, 16% below last month's outlook.
Allbase view
Oil stays dear through year end and only eases next year, on an official forecast. Resin and bitumen costs follow crude, so expect firm prices on roofing and laminating resins this winter; cheaper US gas does little for UK buyers.
Our reading of the release, not a statement from the source. Checked against the release on 11 Nov 2026.
Figures from this release
- EIA Brent forecast $97/b in 2026Dollars per barrel · 202697Up
- EIA Brent forecast $86/b in 2027Dollars per barrel · 202786Down
- EIA Henry Hub winter forecast $2.87/MMBtu, Nov 2026-Mar 2027Dollars per million Btu · Nov 2026-Mar 20272.87Down
Source: U.S. Energy Information Administration (public domain).
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