Oil prices could fall below $60 by 2027 as supply outpaces demand, says energy expert
Published on: June 22, 2026, 3:45 p.m. | Source: CNBC TV18
Christof Ruehl, Global Advisor at Crystol Energy, expects oil supply to exceed demand by more than 1 million barrels per day in 2027, potentially pushing prices below $60 per barrel. Ruehl also said energy markets have become more resilient, while efficiency gains and the rise of electric vehicles could bring the world closer to peak oil demand.
