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Story summary
- Deloitte forecasts crude oil averaging US$58 per barrel in 2026, about 20% below 2025.
- The forecast does not account for the U.S. raid on Venezuela and expects little change in global oil oversupply.
- Alberta natural gas is projected to rise to US$2.95 per mmBTU, up from US$1.72, driven by LNG Canada exports.
- Andrew Botterill of Deloitte notes AI data centers' demand has not yet impacted pricing and Deloitte monitors pricing.
