Reuters: Oil market is set for continued high prices until 2028. News agency Reuters wrote in an analytical report that after eight months of the Iran war, oil market traders no longer expect the price increase to be temporary and are preparing for continued high energy prices until 2028. According to this report, the price of future contracts for Brent crude for delivery in December 2027 rose by more than 13% since the beginning of September and reached $86 per barrel. Reuters writes that the decline in oil reserves, the ongoing uncertainty about oil transport through the Hormuz Strait, and the rise in shipping and insurance costs have increased traders' concerns about continued disruption in the energy market.
In the meantime, the high price of diesel has raised concerns about a rise in global inflation. The price of future contracts for European diesel for delivery in December 2027 rose above $1,000 per ton for the first time. At the same time, the International Energy Agency forecasts that global oil supply will increase significantly next year, but the trading process shows that investors have doubts about the realization of this forecast.