The world's energy market is facing many problems. These include problems between countries, changes in money rules, and moving to cleaner energy. New actions by the US in Venezuela have made the oil supply less certain. Also, people think the US central bank might lower interest rates. This could affect oil prices.
The US government has stopped some oil from Venezuela. Analysts say this is a strong move. It is meant to put pressure on Venezuela's government. This might not change the total oil supply much. However, it makes people worry about having enough oil in the future.
Another problem is that the US central bank might lower interest rates more. This is because inflation and jobs data are not very strong. Lower interest rates can make the US dollar weaker. A weaker dollar usually helps oil prices go up.
However, the world still needs oil and gas. It is taking time to reach climate goals. Big oil companies plan to keep producing oil for many years. New technology helps them get more oil from the ground. Some US companies expect to produce more oil soon.
The natural gas market is also expecting too much gas. Many new projects to export liquefied natural gas (LNG) will start soon. By 2030, there will be much more LNG available. This has already made gas prices in Europe much lower. This is good for people who buy gas.
There are different ideas about future oil prices. Some experts think prices will be moderate in 2026. Others think prices will be lower next year. Some analysts believe prices could rise by 2028. These different ideas show how complex the energy market is.