PR Newswire·Nov 11, 2026, 7:30 AM ET

EIA Sees Brent Near $100 for the Rest of the Year as Crude Futures Ease Again

U.S. crude oil futures closed lower for a second consecutive session, with December WTI settling at $86.04 per barrel and January Brent at $91.49 per barrel.
The EIA's November Short-Term Energy Outlook forecasts Brent crude near $100 per barrel for the remainder of 2026 before averaging $77 in late 2027.
U.S. commercial crude inventories fell to 410 million barrels at the end of October, marking the lowest end-of-October level since 2014.
Seven OPEC+ nations agreed to maintain September 2026 production levels for December 2026 following a virtual meeting on November 1.
APA Corporation reported U.S. oil production of 128,000 barrels per day, beating guidance, and raised its 2026 free cash flow outlook to approximately $2.9 billion.
Suncor Energy Inc. reported record quarterly adjusted funds from operations of $6.7 billion, record bitumen transfers, and increased its quarterly dividend by 10%.
HF Sinclair Corporation reported net income of $2,015 million for Q3 2026, driven by tight fuel supply, elevated crack spreads, and EPA RINs waivers.
Kinetik Holdings Inc. achieved record processed gas volumes of 1.94 Bcf/d and finalized investment decisions for the ECCC Pipeline expansion.
International Seaways Inc. reported record net income of $344 million, driven by higher spot earnings and profit-sharing results, and declared a $5.05 per share dividend.
The EIA forecasts Henry Hub natural gas prices to average $2.87 per million British thermal units from November through March 2027.