Crude Oil Price Forecast 2026: The impact of the ongoing dispute between America and Venezuela can be seen on almost the entire world. Especially things related to the oil sector are expected to be affected. This tension arising between the two countries has worked to support the prices of crude oil for some time.
After this incident, there was a rise in the shares of companies related to the Indian oil sector. But now the question is, will this momentum continue further? Experts having knowledge of the subject believe that the real picture of the market is different from this.
According to various research and analyst reports, due to increase in oil supply across the world, there may be a decline in the prices of crude oil in the coming time. The effect of which can be seen on the oil market, prices of petrol and diesel, the condition of the rupee and the economic pace of the country. Let us know, what is the opinion of various researchers on this subject?
1. Nuvama Report
Nuvama Institutional Equities says that in the third quarter of FY26, the total earnings of the oil and gas sector may see an increase of about 17 percent on an annual basis. In the report, Reliance Industries is expected to get support from refining and digital business.
At the same time, due to better refining margins, the income of oil marketing companies may improve. However, there is a possibility of loss for ONGC due to reduction in production and falling crude oil prices. Also, the situation may remain challenging for other gas companies including GAIL.
2. SBI Research Report
SBI Research report states that the price of crude oil has remained weak since OPEC+’s decision to increase production. Even though there was some reduction in supply later, no significant change was seen in the prices. According to SBI report, in the beginning of 2026, Brent crude may average around $ 55 per barrel. Since crude oil prices in India are linked to Brent, oil is likely to become cheaper domestically as well.
According to the report, the Indian basket may remain around $53 per barrel by March 2026 and around $52 per barrel by June 2026. SBI Research believes that the cheapness of crude oil will directly benefit the prices of petrol and diesel. Due to which the price of fuel may reduce and further relief in inflation rate is expected.
Also read: Before the budget, rice exporters raised their voice, demanding subsidy from the government to reduce costs.
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