Brent seen hitting $140 in 2027 on supply risks
In short
Brent crude could rise to $140 in 2027, according to a report cited by Economic Times Energy. The report links the risk to geopolitical conflicts, supply disruptions, and extreme weather.
This matters because oil, European gas and farm prices could swing more. The reporting does not say which event or region would trigger the jump.
What the reporting says
Brent could hit $140 in 2027 as geopolitical conflicts, disruptions to energy and agricultural supplies, and extreme weather raise volatility, according to a publisher-supplied Energy report. The summary says crude oil, European natural gas and farm markets face significant upside risks into 2027. What exact supply shock or weather event would drive that move is not stated in the available reporting.
Why it matters
The publisher-supplied Energy summary says geopolitical conflicts, energy and agricultural supply disruptions, and extreme weather could lift commodity volatility into 2027. It flags upside risk for crude oil, European natural gas and agricultural markets, with Brent cited in the headline as potentially reaching $140. The reporting does not identify a specific region, supplier or weather event behind the forecast.