HSBC has revised its oil price forecast, expecting Brent crude to average $90 per barrel in 2026 and $85 in 2027, significantly higher than previous estimates. The bank attributes this to ongoing geopolitical tensions and insufficient investment in production capacity, predicting that the oil market will not rebalance until mid-2027.
HSBC Forecasts Persistent Market Tightness and $90 Brent in 2026
