Citibank: Expecting the average price of Brent crude oil in Q2 to reach $130 per barrel in a bullish scenario

MeNews · 2026-04-02T14:23:27+00:00

ME News Report, April 2 (UTC+8), Citibank stated that under the baseline scenario, the average price of Brent crude oil in Q2 2026 is expected to be $95 per barrel; under the bullish scenario, it could be $130 per barrel. Global oil supply may face a shortage of 4.4 million barrels per day; if some Gulf countries refuse to agree to Iran's so-called "transit fee," the shortage could reach 8 million barrels per day. (Jin10 (Source: ODAILY)

MeNews

2026-04-02 14:23:27

ME News update, April 2 (UTC+8). Citigroup said that under the base-case scenario, the average price of Brent crude oil in the second quarter of 2026 is expected to be $95 per barrel; under the bullish scenario, it is $130 per barrel. Global oil supply may be short by 4.4 million barrels per day; if some Gulf countries refuse to agree to Iran’s so-called “transit fee,” the shortage could be 8 million barrels per day. (Jin10) (Source: ODAILY)

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