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   How much will crude oil cost in 2024?

   • EIA forecast Brent crude oil prices will average $89/b for the remainder of 2024 and $91/b in 1Q25. 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.

   Oil Forecast and Price Predictions 2024, 2025-2030 - CAPEX.com

   capex.com/en/overview/oil-price-prediction

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   How much will Brent crude oil cost in 2024?

   • We expect the Brent crude oil price will average $82 per barrel (b) in 2024 and $79/b in 2025, close to the 2023 average of $82/b. Our forecast for relatively little price change is based on expectations that global supply and demand of petroleum liquids will be relatively balanced.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/BTL/2024/01-brentprice/article.php

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   How will oil price change in 2026?

   • BMI’s long-term oil price forecast predicted that the price of Brent crude oil would decline to $81 per barrel by 2026 and then stabilize until 2028. This oil price projection is driven by increasing energy efficiency and a faster transition to alternative fuels, which are expected to gradually separate economic growth from oil demand growth.

   Oil Price Forecast and Trends for 2024, 2025 and 2030 - Techopedia

   www.techopedia.com/investing/oil-price-forecast

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   Will oil prices rally in 2024?

   • At the beginning of 2024, the crude oil forecast was that Brent would trade above $90/bbl in the second half of the year. Oil prices have already traded above that level several times this year, and analysts still forecast oil prices to briefly trade above that in the third quarter. However, any rally here is unlikely to be sustained.

   Oil Forecast and Price Predictions 2024, 2025-2030 - CAPEX.com

   capex.com/en/overview/oil-price-prediction

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2. www.iea.org › reports › oil-market-report-september-2024Oil Market Report - September 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-september-2024

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   Sep 12, 2024 · Reported monthly data covering 80% of global oil demand during the first half of 2024 confirm the steep decline in the rate of growth in oil consumption, which we have been projecting since our first forecast for 2024 was published in June 2023. Demand rose by 800 kb/d year-on-year over the first half of the year, dramatically lower than the ...

3. www.techopedia.com › investing › oil-price-forecastOil Price Forecast and Trends for 2024, 2025 and 2030 ...

   www.techopedia.com › investing › oil-price-forecast

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   Jul 16, 2024 · As of July 16, economic data provider Trading Economics anticipated oil prices to continue their upward trajectory in 2024, predicting Brent to reach $86.914/bbl in the third quarter and rise to $88.678/bbl in the final quarter of 2024.

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5. www.iea.org › reports › oil-2024Oil 2024 – Analysis - IEA - International Energy Agency

   www.iea.org › reports › oil-2024

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   Jun 12, 2024 · Oil 2024 looks beyond the short-term horizon covered in the IEA’s monthly Oil Market Report to provide a comprehensive overview of evolving oil supply and demand dynamics through to 2030. The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions.

6. www.iea.org › reports › oil-2024Executive summary – Oil 2024 – Analysis - IEA

   www.iea.org › reports › oil-2024

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   Global oil markets will need to traverse myriad challenges in the medium-term as structural shifts reshape oil demand and trade flows, while rising oil supplies could potentially weigh on prices through the end of the decade.

7. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

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   Sep 5, 2024 · We expect the Brent crude oil price will average $82 per barrel (b) in 2024 and $79/b in 2025, close to the 2023 average of $82/b. Our forecast for relatively little price change is based on expectations that global supply and demand of petroleum liquids will be relatively balanced.

8. www.eia.gov › todayinenergy › detailEIA expects relatively flat crude oil prices in 2024 and 2025

   www.eia.gov › todayinenergy › detail

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   Jan 10, 2024 · We expect that crude oil prices will gradually decrease after April 2024 with minor stock builds because global production increases more than consumption. We forecast stocks will increase by 110,000 b/d from 2Q24 through 4Q24 and by 280,000 b/d in 2025.

9. capex.com › en › overviewOil Forecast and Price Predictions 2024, 2025-2030 - CAPEX.com

   capex.com › en › overview

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   Jul 18, 2024 · EIA revises up crude oil price forecasts for Q3 and 2024. Forecast Brent crude oil prices to average $89 per barrel (b) in the second half of 2024 (2H24), up from $84/b in 1H24. Higher prices in the second half of the year result from their forecast of persistent withdrawals from global oil inventories.