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66 dollar oil forecast for next year

The US Department of Energy predicted that oil prices will decrease in 2025 compared to 2024 and this trend will continue in 2026.

reported by Brent oil in In 2025, it will decrease by 8% compared to last year, and will average $74 per The barrel arrives.

This organization also announced that due to the increase in commercial oil reserves in the world, the price of oil will decrease by 11% in 2026 and reach $66 per barrel.

The American Energy Information Organization has also announced that the growth of oil production in the world is expected to exceed the growth of the demand for this energy carrier, which will lead to a further drop in the price in 2026.

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The report of this American institution indicates that the growth of oil supply compared to demand in 2025 will be equal to 500 thousand barrels per day and in 2026 it will be 400 thousand barrels per day.

The American Energy Information Organization has predicted the price of this country’s oil exports for this year and next year at $70.3 and $62.4, respectively.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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