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JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel in 2025 and $61 in 2026. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X ...
The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date levels and the strip, while the 2025 price deck stays at $70/bbl, consistent with J.P. Morgan’s outlook.
OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...
The next week oil jumped 4 percent with Brent finishing at $82.62 and WTI at $78.54, with high demand forecasts a big reason, despite lower confidence in the U.S. economy by consumers. [60] On June 20, Brent reached $85.89, highest since May 1 after U.S. crude inventories fell and a U.S. jobs report made cutting interest rates more likely. [ 61 ]
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
Oil hitting $100 is becoming a popular forecast among Wall Street analysts as Goldman Sachs became the latest firm to lift its crude target for the next 12 months. "We have nudged up our 12-month ...
Suncor also forecast a slight rise in refinery throughput volumes to between 435,000 and 450,000 bpd in 2025. The company forecast capital spending for 2025 would fall 3% from this year to between ...