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Oil May Exceed $100 in 2027

July 12, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Oil May Exceed $100 in 2027

The CEO of the Italian energy company Eni, Claudio Descalzi, warned of the possibility that global oil prices could exceed $100 per barrel in the early months of 2027, if geopolitical tensions in the Middle East and disruptions in crude supplies continue. Descalzi explained, according to media reports, that oil prices could move out of their current range of $80 to $100 per barrel by the first quarter of 2027 at the latest if escalation in the region continues, noting that this could raise global inflation rates and reduce energy demand. View the full content on Echourouk Online.

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