Brent crude oil prices are expected to remain in the $90 to $100 per barrel range throughout 2026 and 2027 [1].

This forecast suggests a period of sustained high energy costs that could impact global inflation and economic stability. If prices do not drop, industries reliant on cheap fuel may face prolonged operational pressures.

Amena Bakr, an analyst at Kpler, provided the outlook during an appearance on CNBC TV18. Bakr said, "Expect Brent price to remain in $90-100/bbl range in 2026 and 2027" [1].

According to Bakr, the current pricing reflects a disconnect between market valuations and actual risks. She said markets are underpricing the supply threat [1]. This gap suggests that investors may be overlooking factors that could restrict the flow of oil to global markets, potentially keeping prices elevated.

Bakr also provided a timeline for when the industry might see a return to stability. She said, "We will see a normalised energy market only by Q2FY27" [2].

The prediction points to a volatile window over the next year. Until that second quarter of fiscal year 2027 arrives, the energy market is expected to operate under these heightened dynamics [2].

“Expect Brent price to remain in $90-100/bbl range in 2026 and 2027.”

The forecast indicates that the global energy market is currently failing to account for significant supply risks, which keeps prices high. A normalization date in the second quarter of fiscal year 2027 implies that geopolitical or production constraints will likely persist for several more quarters, preventing a price drop that would typically ease global economic pressure.