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The month in figures · September 2026
Oil climbed back towards its spring peak in September. Brent averaged $116.8 a barrel, up 28.5% on August and short only of April's $120.4. Japan's LNG import price rose too, by 6.5% to $16.26/MMBtu. Taken together with coal and gas, the World Bank's energy price index rose 25.7% in one month, according to the bank's October Pink Sheet (World Bank, 2026a).
Energy market indicators, September 2026
Monthly average prices and changes
| Commodity | Unit | Price | Month on month | Year on year |
|---|---|---|---|---|
| Brent crude | $/bbl | 116.8 | +28.5% | +71.8% |
| LNG (Asia/Japan) | $/MMBtu | 16.26 | +6.5% | +41.8% |
| Natural gas (TTF) | $/MMBtu | 25.42 | +20.4% | +128.6% |
Source: World Bank (Pink Sheet, October 2026; LNG as revised in the November 2026 edition)
At the end of last year Brent averaged $62.7/bbl; it is now 86.3% higher. It traded between $66.8 and $71.1/bbl in January and February, jumped to $103.7 in March and peaked at $120.4/bbl in April. Prices then eased to $85.4 in June and $83.4/bbl in July before rising to $90.9 in August and $116.8/bbl in September. A year ago the monthly average was $68/bbl, so the annual increase is 71.8%.
Even against the 2022 energy crisis, the level is high. Brent's highest monthly average that year was $120.1/bbl in June; September 2026 came within $3.3 of it.
