Fear of an Oil Glut May Be Overblown, Top Consultancy Says

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• Free Analysis Rule Based Analysis not AI OIL Neutral 50% 6h
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  Expired: not evaluated within 7 days of its 6h timeframe elapsing

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Original source

Up to 75% of the previous oil flows through the Strait of Hormuz are expected to return to the market by the end of the year, but significantly lower oil prices aren’t guaranteed for 2027 as the ongoing U.S.-Iran tensions are unlikely to be resolved for good soon, Fereidun Fesharaki, chairman emeritus of FGE NexantECA, told CNBC on Monday. Before the Iran war, the consultancy FGE NexantECA expected oil prices to be in the upper $50s low $60s per barrel next year. This could still be the case in 2027, but it rests on the assumption that a…

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Original article published by OilPrice.com on July 6, 2026. Analysis and insights provided by AnalystMarkets AI.

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