EIA Trims 2026 Oil Deficit, Lifts Q4 Brent to $105
CrudeThe EIA's October Short-Term Energy Outlook narrows its 2026 global oil deficit to 1.34 million barrels per day from 1.97 million, while lifting its fourth-quarter Brent forecast to $105 a barrel. Shut-in Middle East supply remains the swing factor, and the agency still expects a large surplus in 2027.