The International Monetary Fund forecasts average oil prices at $95.74 per barrel in 2026 and $87.39 in 2027.

The average oil price was $67.74 per barrel in 2025.

Bangkok, October 13. /TASS/. The International Monetary Fund predicts that the average price of a barrel of oil will reach $95.74 this year and $87.39 in 2027.

The report states: "The average price of a barrel of oil in US dollars in 2025 was $67.74; The assumed price based on futures markets is $95.74 in 2026 and $87.39 in 2027.

According to the authors, oil prices will increase by 41.6% this year and decrease by 8.7% next year. These figures represent upward revisions of 9.5 percent and 3.1 percent, respectively, compared to the IMF's previous World Economic Outlook report released in July.

Fund experts emphasize that factors predict the expected improvement of shipping in the Strait of Hormuz to pre-war levels between March and October 2027. However, they note that if the war between the US and Iran is not resolved by June 2027, shipping in the Strait of Hormuz and the Strait of Bab al-Mandeb will effectively cripple and damage oil infrastructure. As a result, the resumption of oil supply should not be expected before the end of 2027. In such a scenario, experts predict that the price of oil can increase to $130 per barrel between the fourth quarter of this year and the first quarter of 2027, and return to the level of the initial scenario only according to the initial scenario. The fourth quarter of next year.

Fund experts have estimated that the price of natural gas will increase by 48% this year compared to 2025. Fertilizer prices are expected to increase by an average of 10 percent in 2026 compared to the previous year.