Crude oil outlook

However, we forecast that global oil production growth means inventories will begin building in 2Q25, reducing crude oil prices through the end of the year. We ...

Brent crude oil price and global oil inventory change - EIA

We expect that global oil inventories will increase by an average of 0.4 million b/d in 2Q25, before inventories rise by an average of 0.6 million b/d in the ...

The Forecast for Oil Prices | J.P. Morgan Research

Oil prices are forecast to average $80/bbl in the last quarter of 2024 ... There could be a sustained geopolitical premium in crude prices until ...

Oil rebounds slightly on short-covering as strong dollar caps gains

Brent crude futures settled up 39 cents, or 0.5%, to $72.28 a barrel. U.S. West Texas Intermediate crude (WTI) futures gained 31 cents, or 0.5%, ...

World Oil Outlook - OPEC.org

OPEC's World Oil Outlook (WOO) is part of the Organization's commitment to market stability. The publication is a means to highlight and further the ...

US EIA lowers oil price forecast by $2/b despite Middle ... - S&P Global

The EIA cut its 2024 forecast for Brent crude by $1.91 to $80.89/b. Citing a $6/b September drop in prices, the EIA also reduced its 2025 Brent ...

Crude Oil - Price - Chart - Historical Data - News - Trading Economics

Crude Oil decreased 4.52 USD/BBL or 6.31% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark ...

EIA reduces crude oil price forecast through end-2025 on lower ...

The latest outlook predicts an average Brent price of $78/bbl in 2025, $7/bbl less than last month's forecast.

EIA slashes US, global oil demand forecasts for 2025 - Reuters

EIA also lowered its forecasts for oil prices: it now expects U.S. crude oil to average around $76.91 per barrel in 2024, a 2.4% cut on its ...

Monthly Oil Market Report - OPEC.org

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the ...

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

According to EIA's annual energy outlook report, the agency held a conservative outlook for its oil price forecast for 2030. It expects the average Brent crude ...

Oil News and Forecast - FXStreet

West Texas Intermediate, the US crude oil benchmark, is trading around $68.40 on Friday. The WTI price remains steady as a steep draw in US fuel stocks offset ...

Oil Market Report - September 2024 – Analysis - IEA

The country's oil demand is now set to expand by only 180 kb/d in 2024, as the broad-based economic slowdown and an accelerating substitution ...

2024 oil and gas industry outlook | Deloitte Insights

Meanwhile global biofuels demand is projected to rise by 44% between 2022 and 2027 as it increasingly substitutes for petroleum-based products.

Crude oil outlook: WTI could be heading sub-$65 - City Index

Supply concerns and reduced geopolitical risk premium · Demand concerns intensify for oil · 2025 recession fears cloud the crude oil outlook.

Energy - Bloomberg News

Crude Oil & Natural Gas ; USD/bbl. 67.07, -1.63, -2.37% ; USD/bbl. 71.11, -1.45, -2.00% ...

Crude Oil Price Outlook – Crude Continues to See Support at The ...

The crude oil market continues to see a lot of support in the same area, in both grades of oil that I follow here at FX Empire.

Crude Oil Prices Today and Oil Market News - CNBC

Oil Prices and News · Oil and Gas · Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say · Money Movers · Weather is the ...

Brent crude oil - Price - Chart - Historical Data - News

Brent crude oil is expected to trade at 74.99 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Oil - IEA

Global oil demand rebounded in 2021 from its Covid-induced historic decline but its longer-term outlook is uncertain because of challenges from alternative ...