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- The short to medium term outlook for crude oil remains bearish. The fear of stagflation is gripping the US market with inflation expected to stick higher, which may keep the interest rates higher and could see slowdown in global expansion in coming quarters.
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Will oil prices fall in the next 5 years?
Is crude oil demand going down?
Will oil prices spike in 2025?
Why did the crude oil price drop last week?
In the near term, as far as the demand for crude oil markets, it’s been a little different. Last month imports fell by about 10% from the month prior, and there’s been a year-over-year drop...
Nov 2, 2023 · Overall, J.P. Morgan Research estimates that global oil markets could face a 1.1 mbd deficit in 2025, widening to 7.1 mbd in 2030. Consequently, oil prices could spike to $150/bbl over the near to medium term and $100/bbl over the long term — above J.P. Morgan Research’s $80/bbl long-term forecast.
- J.P. Morgan
Jul 14, 2022 · Key support over the near term will continue to be provided by a fundamental backdrop that shows some signs of bending but not breaking. Accordingly, prices could bobble within a wide range, but are expected to average more than US$100 per barrel through the third quarter.
Apr 16, 2024 · Oil price prediction for the next 5 years and beyond: some expect demand for fossil fuels could fall in the medium-to-long-term, leading to a lower oil price in 5-10 years’ time. EIA expects the average Brent crude prices at $61/bbl in 2025 and $73/bbl in 2030.
- Cristian Cochintu
May 3, 2023 · As crude dropped below $US70 per barrel on Wednesday, Michael Tran, managing director of Global Energy Strategy at RBC Capital Markets, told BNN Bloomberg he doesn’t see the trend being driven by recession fears, but rather weaker demand as people spend less on travel.
Mar 29, 2022 · Brent crude oil prices rallied $100/bbl since the lows in 2020. This reflects very tight fundamentals, where petroleum inventories are at extremely low levels relative to consumption and supply...
Aug 8, 2022 · Crude oil prices have fallen below $90 per barrel. Why are oil prices falling and will they keep going down in 2022? Consumers welcome relief at the pump.
