EIA Short-Term Energy Outlook: Middle East supply disruptions expected to continue until the end of 2026

SmartContractAuditor · 2026-04-07T16:26:03+00:00

EIA Short-Term Energy Outlook predicts that Middle East supply disruptions will continue until the end of 2026. April's production cuts will reach 9.1 million barrels per day, and the crude oil price differential will reach $15. It is expected that U.S. retail gasoline prices will hit a new high in 2026, while global oil demand is slightly downgraded.

SmartContractAuditor

2026-04-07 16:26:03

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Odaily Planet Daily News: A report from the EIA’s Short-Term Energy Outlook says that disruptions to Middle East supply are expected to continue through the end of 2026. The Middle East oil production cuts caused by the closure of the Strait of Hormuz are expected to rise to 9.1 million barrels per day in April. The spread between Brent crude oil and WTI is expected to reach a peak of $15 per barrel in April. At that time, disruptions to Middle East crude oil supply will be at their maximum. U.S. retail gasoline prices are expected to reach a new high versus since 2022 at the average level in 2026. Global oil demand in 2026 is expected to be 104.6 million barrels per day, down from the prior forecast of 105.2 million barrels per day. Demand for 2027 is expected to be 106.2 million barrels per day, versus a prior forecast of 106.6 million barrels per day. (Jin10)

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