Fitch Ratings raises Brent oil price forecast for 2027 to $70 per barrel

Fitch Ratings has raised its 2027 Brent oil price forecast to $70 per barrel and adjusted its Dutch Transfer of Ownership (TTF) gas price assumptions due to disruptions in liquefied natural gas transportation through the Strait of Hormuz. It also expects Brent oil prices to fall after the Saudi East West pipeline resumes capacity.