After what has been a trying year for the energy industry, forecasts for the year ahead do not offer much of a reprieve for fossil fuel companies or their shareholders.
According to the U.S. Energy Information Administration (EIA), the industry is facing a supply glut that will carry over into 2026. The agency’s short-term forecast, which the EIA issued last month, expects crude oil prices to end next year about 20% lower than where they stand today.
