{
  "id": 7122264,
  "title": "HSBC raises its oil forecast as the Hormuz backup plan burns",
  "url": "https://urgent.news/2026/09/13/hsbc-raises-its-oil-forecast-as-the-hormuz-backup-plan-burns",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T15:07:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/hsbc-raises-oil-forecast-hormuz-150700300.html"
  },
  "original_language": "en",
  "account": "HSBC has raised its oil forecast, predicting Brent crude to average $90 a barrel in 2026, up from $80. This comes as diesel prices have soared to $5.94, with regular gasoline reaching $4.29. HSBC's revised forecasts come amid tight market conditions, with some traders believing the current spike may not become the annual average. The bank's base case assumes Hormuz liquids flows climb to 9.5 million barrels by year-end and 16.5 million by mid-2027, though recent satellite imagery has shown a potential disruption in Saudi Arabia's East-West oil pipeline. The market's lack of consensus on current Hormuz flow rates, ranging from 6 to 10 million barrels, adds an element of uncertainty to HSBC's calculations.",
  "summary": null,
  "key_points": [
    "HSBC raises oil forecast to $90/barrel in 2026",
    "Hormuz backup plan disruption affects flows",
    "Diesel prices surge to $5.94, gasoline to $4.29"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}