News & Macromedium confidence
Kotak raises FY27 crude oil price forecast to $100 amid 8-month supply disruption
Times of Oman · October 29, 2026 · Week 2026-44
Summary
Indian financial services group Kotak has increased its crude oil price forecast for fiscal year 2027 to $100 per barrel. The projection is based on a scenario involving an eight-month supply disruption, highlighting market sensitivity to potential geopolitical or operational shocks.
Strategic Implication
Highlights increasing analyst concern over medium-term supply security and the potential for a return to a high-price oil environment, influencing hedging strategies and NOC budget planning.