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Bernstein Revises Brent Oil Price Assumption To $80/Bbl For 2026

ReutersMar 2, 2026 8:18 AM

- BERNSTEIN:

  • REVISES BRENT OIL PRICE ASSUMPTION TO $80/BBL FOR 2026

  • SAYS IN AN EXTREME CASE, OIL COULD REACH $120–150/BBL AND THE LNG SHOCK COULD BE WORSE

  • ESTIMATES DEMAND DESTRUCTION AT $120–140/BBL OIL, WITH MATERIAL RECESSION RISKS AT ~$150/BBL

  • REVISES 2026 JKM FORECAST TO $15/MMBTU

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