ECB: 'Severe' Q2 energy shock scenario could push oil to $145

7th May, 2026

Zak Jakubowski

The European Central Bank (ECB) has warned that escalating disruption in Middle East energy markets could push oil and gas prices sharply higher this quarter, increasing risks to inflation and eurozone growth.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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