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1. • $82 per barrel

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

     Short-Term Energy Outlook - U.S. Energy Information ...

2. People also ask

   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 crude oil prices affect growth in 2024 and 2025?

   • We expect growth will slow to 0.4 million b/d in 2024 and 0.4 million b/d in 2025 because our crude oil price forecast reduces rig counts, the effects of which are offset by increases in well productivity. A previous STEO Perspectives analysis considered how different crude oil price paths can affect U.S. crude oil production.

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

   capex.com › en › overview

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   Jul 18, 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.

   • Author: Cristian Cochintu

4. www.techopedia.com › investing › oil-price-forecastOil Price Forecast: Will Crude Oil Sustain Its Gains in 2024?

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

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   Jul 16, 2024 · Oil price expectations for 2024 are mixed with several analysts revising their oil price targets upward. Other analysts have lowered their oil price outlook for this year or maintained their crude oil price forecasts.

5. Videos

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     8:16

     finance.yahoo.com

     Oil prices will hit $100 a barrel in 2024, Goldman Sachs' chief commodities strategist warns

     Sep 28, 2023

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     1:29

     youtube.com

     Crude Oil Prices Rise On Strong Demand Estimates For 2024 | CNBC TV18

     Jan 18, 2024

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     cleantechnica.com

     Crude Oil Prices Will Increase Through 2024 As Demand Rises Above Supply — EIA Forecast - CleanTechnica

     Sep 30, 2023

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6. www.eia.gov › BTL › 2024Short-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › BTL › 2024

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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.

7. 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.

8. www2.deloitte.com › ca › enDeloitte Canada predicts higher Canadian crude prices in 2024

   www2.deloitte.com › ca › en

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   Oct 4, 2023 · Canadian oil producers are likely to enjoy higher crude prices next year when the TMX pipeline begins transporting about 590,000 bbl/d for export, according to the latest forecast from Deloitte Canada’s Resource Evaluation and Advisory (REA) group.

9. www.reuters.com › markets › commoditiesOil price forecasts raised as supply risks persist | Reuters

   www.reuters.com › markets › commodities

   Apr 30, 2024 · A poll of 43 economists and analysts surveyed in the last two weeks forecast that Brent crude would average $84.62 a barrel in 2024 against a $82.33 consensus projection in March, the second ...

10. www.forbes.com › sites › bryceerickson1/2024/012024 Oil And Gas Outlook: A Year Of Divergence - Forbes

    www.forbes.com › sites › bryceerickson1/2024/01

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    Jan 20, 2024 · Crude oil prices rose yesterday due to a surprise weekly draw due to the cold weather. However, overall production for the year according to the EIA, while rising, is expected to wane. Other...