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Market Analysts See $100 Oil, Geopolitical Talks Continue - Bakken Wire
Regulatory

Market Analysts See $100 Oil, Geopolitical Talks Continue

EIR maintains bullish price forecast as Saudi Arabia seeks to contain conflict; new European terminal opens.

Bakken Wire Staff·🔆Midday Wire·

Energy Intelligence Research (EIR) maintains its forecast for oil prices to average $100 per barrel in the second half of 2026 and into 2027, according to Rigzone. The firm stated that global oil markets remain structurally tight despite recent price volatility.

Separately, diplomatic efforts are underway that could impact global supply security. Saudi Arabia is holding talks with Houthi militants in a bid to contain a renewed conflict, Rigzone reported, citing people familiar with the matter. The kingdom's goal is to prevent clashes with the Iran-backed group from hurting its oil industry and economy.

In European infrastructure news, Poland's ORLEN has opened a new transshipment terminal at its Gdansk refinery, Rigzone reported. The terminal has an annual handling capacity of 1.8 million metric tons of cargo and is designed to eliminate the need for intermediate transport of crude and products between tankers and the refinery.

For Bakken operators and royalty owners, the sustained high-price forecast from analysts provides a supportive long-term outlook for development in the Williston Basin. Continued geopolitical tensions in key producing regions like the Middle East have historically contributed to a risk premium in global oil prices, which can benefit domestic producers. Developments in global logistics and refining, such as the new terminal in Gdansk, reflect the ongoing integration of world markets where Bakken crude competes. The combined factors of firm predicted demand and potential supply disruptions underscore the Bakken's role in a tight global market.

Source

Rigzone (EIR forecast, Saudi-Houthi talks, ORLEN terminal opening)

oil-price-forecastgeopoliticsinfrastructureglobal-marketssaudi-arabia

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