Search results
1 day ago · The averaged price 70.20. At the end of the month 67.07, change for November -9.4%. Brent oil price forecast for December 2024. In the beginning at 67.07 dollars. High 74.55, low 60.15. The averaged price 66.27. At the end of the month 63.32, change for December -5.6%. Oil price forecast for January 2025.
Oct 14, 2024 · As of September 19, BMI projected Brent oil to trade at $78/bbl in 2025, down from an estimated $82/bbl in July. ING anticipated Brent to trade at an average of $72/bbl in 2025, compared to the previous estimate of $80/bbl, and it marked a drop from the $81/bbl estimated for 2024. BMI said in the note on September 19:
Jul 18, 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. EIA expects the average Brent crude prices at $61/bbl in 2025 and ...
Oct 15, 2024 · In addition, global oil inventories are much lower today, currently standing at 4.4 billion barrels — the lowest on record since January 2017. Overall, J.P. Morgan Commodities Research forecasts Brent could average $80/bbl in the fourth quarter of 2024 and $75/bbl in 2025, declining to the low $60s by end-2025.
- J.P. Morgan
revised up to 1.4% and is expected to grow by 1.2% in 2025. World Oil Demand The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y.
Oct 23, 2024 · Goldman Sachs forecasts average oil prices of $76 per barrel in 2025 due to ample supply and spare capacity, with upside risks limited and downside risks outweighing them.
People also ask
Will oil prices go down in 2025?
How much will crude oil cost in 2024 & 2025?
Will oil prices fall in the next 5 years?
Will global oil demand grow in 2025?
What will Brent crude prices be in 2025?
Will Brent oil prices go down in 2024?
Sep 13, 2024 · The bank revised down its forecast for Brent Crude price by $2 per barrel to $80 for the rest of 2024. Macquarie cut by the same amount its estimate for the WTI Crude price, expecting it to ...
