DW Energy says tight inventories keep Brent near USD 90 in H2 2026
XLE•Tighter inventories seen supporting Brent
DW Energy Group flagged tighter global oil inventories as a key Q4 2026 support, citing EIA estimates of a 400 million-barrel draw.
EIA data cited Brent averaging USD 91 in August, up USD 7 from July, with Brent seen near USD 90 in H2 2026.
US crude output and Permian production projections
US crude output is projected at a record 13.8 million bpd in 2026, with Permian output seen at 6.8 million bpd.
LNG exports, storage and electricity demand outlook
LNG exports averaged 17 billion cubic feet per day in H1 2026, up 23% year-on-year; storage is forecast at 3,969 billion cubic feet.
Electricity sales are expected to reach 4,135 billion kilowatt-hours in 2026, up almost 2%, supporting a 2% rise in gas-fired generation.
