The Oil Price May Drop Significantly Next Year, Predicts The International Energy Agency (IEA) in A New Report. This is because oil will be on the market than is demanded, and consumers are also Tighting Their Belts.
The IA Expects a Barrel of Brent Crude to Cost An Average of $ 58 (About 49 euros) in 2026. This year, The Average Price is still $ 69.
Oil Refineries Worldwide are operating at full capacity. The IEA Expects an Additional 2.5 Million barrels of Oil per day to come out of the ground this year. This is much more than Previously predicted.
OPEC Countries, particularly Saudi Arabia, Are Increasing Their Production. Producers Such as the United States, Brazil, and Guyana Have Significantly Expanded Their Production Capacity in Recent Years, which Puts Further Pressure on Prices.
Only if the US Imposes Stricter Sanctions on Major Producers Such As Russia or Iran Could Prices Possible Rise Again.
Cheap Oil Could Be Beneficial at the Pump. However, Dutch Motorists are likely to be out of luck. On January 1, 2026, The Temporary Excise Duty Reduction Will Disappear, Potentialy Making 1 Liter or Gasoline about 25 cents More Expective in One Fell Swoop.