OMV lifts 2026 outlook, sees Brent at USD 85-95/bbl

Reuters2026/07/31 09:03

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OMV set FY 2026 market assumptions at Brent USD 85-95/bbl, THE gas price about EUR 50/MWh, realized gas price about EUR 40/MWh.
Guided to OMV refining indicator margin Europe about USD 20/bbl, up from 2025 at USD 10.1/bbl.
Expected European ethylene indicator margin above EUR 600/t, propylene indicator margin above EUR 500/t; 1H 2026 levels were EUR 629/t, EUR 506/t.
Forecast hydrocarbon production at 280-290 kboe/d, production cost about USD 11/boe; 1H 2026 production was 289 kboe/d.
Targeted European refinery utilization above 90%, steam cracker utilization 85-90%; organic CAPEX about EUR 3.4 billion, E&A spend below EUR 200 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OMV AG published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OMV lifts 2026 outlook, sees Brent at USD 85-95/bbl

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