Oil Expected to Crash to $50 in early 2026

https://www.eia.gov/outlooks/steo/

Global oil prices. We expect the Brent crude oil price will decline significantly in the coming months, falling from $68 per barrel (b) in August to $59/b on average in the fourth quarter of 2025 (4Q25) and around $50/b in early 2026

So it's only gonna get worse in 2026 then, I guess it really is time to jump ship. There was another thread a few months ago asking where halliburton was headed and it seems to me that they want to return to a pure services company, at least stateside. This is why they're purging all manufacturing from here. Seems like the only answer if you work in the manufacturing side is to get out. There is absolutely no future and they're telling us all every time they close another building.

I was told dbs lease on the building only has 1 year left on it. somehow i don't think they will be renewing it.

#Oil #OilAndGas #Manufacturing #Leasing

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Aren't you glad gasoline will be dirt cheap. You can do more driving with cheaper gas. Remember when Joe Biden caused gas prices to go up. I DJT lowered them for you. You can thank me for that. MOGA

In the words of our very own ceo “lower for longer” which means more layoffs

Two of the analyst in this article https://www.litefinance.org/blog/analysts-opinions/oil-price-prediction-forecast range $50-$60, the third as heading north of $100. At corporate level HAL is going to talk to it's core customers; what matters is what they are forecasting, budgeting for, be it right or wrong. That major operators are laying off through next year, high grading assets, says it all.

@bt This is a forecast overview made from analysts. Most of the times they are able to predict the situation very well. They are paid for that. There is a possibility to make a wrong forecast, very little possibility.

You are in wrong business, if you can predict the prices

No one can reliably predict oil prices, especially that far out. It could just as easily jump to $100/b oil.

Thread regarding Halliburton Co. layoffs

Oil Expected to Crash to $50 in early 2026

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