OMV raises 2026 capital spending forecast to EUR 3.5 billion
Bitget2026/10/29 10:25- OMV raised its 2026 capital expenditure forecast to EUR 3.5 billion, slightly above initial guidance, driven by accelerated Neptun Deep development.
- Dated Brent is now forecast above USD 95 per barrel; production is expected around 290,000 barrels of oil equivalent per day.
- Average THE gas prices are expected above EUR 55 per megawatt-hour, with realized gas prices around EUR 45 per megawatt-hour.
- The refining indicator margin forecast rose to around USD 25 per barrel; refinery utilization is expected to remain above 90%.
- Borouge International's fourth-quarter performance should improve notably, supported by recovering polyolefin prices, higher utilization and initial integration synergies.
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