MBSB Research Maintains Oil Price Forecast Amid Middle East Supply Concerns

MBSB Research projects crude oil prices will remain at US$90 to US$100 per barrel due to damage from the Middle East conflict and Strait of Hormuz closures. LNG prices have increased to US$16 to US$19 per metric million BTUs. The report highlights that geopolitical risks and damaged infrastructure could prolong supply uncertainties.

Published Mar 26, 2026

MBSB Research forecasts crude oil prices to stay between US$90 to US$100 per barrel due to ongoing conflicts in the Middle East and the closure of the Strait of Hormuz. LNG prices have risen to US$16 to US$19 per metric million British thermal units since late February.

AI-curated by Theia

The destruction of oil and gas facilities has created additional uncertainty in global supply, potentially prolonging the geopolitical risk premium. Tanker rates have also increased due to capacity cuts and higher costs. MBSB Research suggests that elevated energy prices may lead to increased investment from major oil producers.