Most U.S. oil executives expect domestic production to rise in 2026–2027 as the Iran‑linked conflict boosts global prices and tightens supply, according to a Dallas Fed Energy Survey update.
Goldman Sachs has once again increased its oil price outlook, now projecting Brent crude to average about $90 per barrel in the fourth quarter of 2026, with West Texas Intermediate (WTI) at $83 per barrel, as Middle East supply disruptions tighten the global market.
Curious Minds Corner
How did John D. Rockefeller once control 90% of America’s oil through one sneaky company?
Standard Oil used ruthless tactics like secret railroad rebates and buyouts to monopolize refining until its 1911 breakup.