UAE says leak from oil tanker brought under control
Reuters2026/10/30 14:55Oct 30 (Reuters) - The United Arab Emirates authorities have brought under control a leak from the Gem No.2 oil tanker, state news agency WAM said on Friday, while environmental cleanup operations continued along stretches of coastline affected by the spill.
(Reporting by Enas Alashray;
Editing by Ros Russell)
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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