{"id":36859,"date":"2026-03-23T04:38:04","date_gmt":"2026-03-23T04:38:04","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/36859\/"},"modified":"2026-03-23T04:38:04","modified_gmt":"2026-03-23T04:38:04","slug":"oil-and-gas-prices-to-stay-higher-for-longer-ubs-capital-brief","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/36859\/","title":{"rendered":"Oil and gas prices to stay higher for longer: UBS \u2014 Capital Brief"},"content":{"rendered":"<p>The news: UBS has lifted its forecast for oil and liquefied natural gas (LNG) prices for a second time in light of the extended closure of the Strait of Hormuz.<\/p>\n<p>The context: UBS analyst Tom Allen has lifted the average Brent crude price to USD86 ($123) a barrel in 2026 from USD72, and prices in the second quarter to be at USD100 per barrel from USD74, assuming another two to three weeks of waterway disruptions.<\/p>\n<p>Allen also raised the price forecast for LNG to USD23.6 per million British thermal units (mmbtu) in 2026, up from USD13, and USD14.5 mmbtu for 2027 from USD10. The upgrade reflects damage to Qatar\u2019s LNG facility in Ras Laffan. He estimates a loss of around 44 billion cubic metres of Qatari production in 2026.<\/p>\n<p>UBS expects a slower recovery in supply for both oil and gas heading into 2027 due to the severe damage to energy infrastructure in the Middle East from drone strikes.<\/p>\n<p>The source: UBS analyst note<\/p>\n","protected":false},"excerpt":{"rendered":"The news: UBS has lifted its forecast for oil and liquefied natural gas (LNG) prices for a second&hellip;\n","protected":false},"author":2,"featured_media":36860,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[2927,1830,223],"class_list":{"0":"post-36859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-commodities","9":"tag-geopolitics","10":"tag-ubs"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116276645272388747","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/36859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=36859"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/36859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/36860"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=36859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=36859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=36859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}