2026 Bearish Targets
Analysts project Brent will average near $60 for the majority of 2026. The 'supply-driven downtrend' is expected to eventually overcome seasonal risks as production from Guyana and Brazil hits record highs.
Shipping Risks in the Caribbean
The U.S. operation in Venezuela has introduced maritime security concerns, but resumed exports under new agreements are already easing regional refining bottlenecks, preventing a deeper price spike.