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Oil market outlook for 2026
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Market Analysis May 9, 2026 6 min

Oil market outlook for 2026

A brief overview of global oil demand, OPEC+ quotas and South Caucasus export opportunities.

In 2026, global oil markets are shaped by OPEC+ quota policy, Chinese demand and geopolitical risk. The South Caucasus continues to serve as a strategic bridge between European and Asian markets.

Average annual Brent price forecasts remain in the $78–85 range. Demand for EN 590 compliant diesel and fuel oil is rising, especially in CIS and Eastern European markets.

At Trader Services we help clients gain a competitive edge through market analytics, risk management and reliable logistics in this evolving environment.