Market data from CME futures trading shows the "oil price forecast 2025 2026" baked into June 2025 contracts at $89. On a brighter note, Europe’s consumers are not likely to see massive spikes in gas prices again, thanks to the ongoing LNG infrastructure buildout in the United States. Indeed, TotalEnergies ’ (NYSE:TTE) CEO Patrick Pouyanné has warned of a looming LNG supply glut in the United States, shortly after Texas-based NextDecade Corp. (NASDAQ:NEXT) announced it has made a positive final investment decision (FID) on Train 4 at its Rio Grande LNG liquefaction plant with a planned total capacity of 48 million tonnes per annum (mpta). Pouyanné says the U.S. is building too many LNG plants, which could trigger a long-lasting glut if the projects come online as planned. Pouyanné might have a valid concern. Rio Grande’s Train 4 has LNG production capacity of ~6 mpta, bringing the plant’s total capacity under construction to 24 mpta. Meanwhile, NextDecade has revealed that Train 5 is nearing a positive FID while Trains 6-8 are currently in the development and permitting process. Project costs for Train 4 are expected to total ~$6.7 billion, financed with 40% equity and 60% debt. TotalEnergies holds a 10% stake in Rio Grande LNG. The EIA expects in its latest Short-Term Energy Outlook (STEO) Brent to slump in the coming months, falling from $71 per barrel in July to average just $58 in the fourth quarter of 2025 and around $50 per barrel in early 2026. Latest market sentiment on "oil price forecast 2025 2026" shows WTI trading range expectations between $82–$95 per barrel in 2025, driven by persistent OPEC+ output discipline and a gradual recovery of Chinese demand. By 2026, analysts project modest easing to $78–$88 as supply-side investments in US shale and Middle East capacity start hitting the market, with potential volatility tied to geopolitical flashpoints.