What's next for oil prices? - MoneyWeek

Sep 25, 2024 · Running at 102 mbpd last year, global demand for oil will level off near 106 mbpd by the late 2020s. Meanwhile, supply is rising steeply in the US and other non-Opec producers.

$150
OFF

Oil Price News, Features, Analysis And Advice | MoneyWeek

2 weeks from now

Jun 10, 2022 · Could the oil price hit $150 a barrel by 2023? Analysis The oil price has fallen as a new strain of Covid brings fresh restrictions around the world. But in the long run it’s a different …

moneyweek.com

$30
OFF

What Is The Outlook For Oil Prices? | MoneyWeek

2 weeks from now

Oct 8, 2024 · Oil prices over the years In the 1950s and 1960s, oil was abundant, but the oil price was carefully controlled and fairly stable (equivalent to about $30 in today’s terms).

moneyweek.com

49%
OFF

Why Oil Has Hit A 3-Month High With Brent Touching $80 - Forbes

2 weeks from now

5 days ago · At 9:30am EST, the Brent front-month crude futures contract was up 4.49% or $3.47 to $80.67 per barrel while the West Texas Intermediate was trading at $77.74, up 4.62% or …

forbes.com

$70
OFF

EIA Expects Oil Prices To Be Under Pressure From Oversupply In …

2 weeks from now

1 day ago · U.S. crude prices are expected to average $70 per barrel in 2025 and fall to $62 per barrel next year, said the EIA, the first time it is issuing an outlook for 2026.

reuters.com

$80
OFF

Next Week Will Be Critical For Oil Markets - OilPrice.com

2 weeks from now

Nov 30, 2022 · Considering that oil prices slumped to the lowest level since December 2021 earlier this week, OPEC+ could indeed decide to defend an $80 floor under prices, but it will …

oilprice.com

$80
OFF

Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions

2 weeks from now

2 days ago · Oil prices have risen following sanctions imposed on Russia's energy sector by the Biden administration. Gasoline prices are displayed outside a fuel station operated by OAO …

newsweek.com

0%
OFF

OIL PRICE FORECAST 2025, 2026, 2027 AND 2028

2 weeks from now

1 day ago · Oil price forecast for March 2025. In the beginning at 92.80 dollars. High 101.34, low 91.68. The averaged price 95.58. At the end of the month 96.51, change for March 4.0%. …

longforecast.com

20%
OFF

Oil News, Features, Analysis And Advice | MoneyWeek

2 weeks from now

Jul 9, 2024 · News EnQuest, the North Sea focused oil company, is spending up to $90m for a 20% interest in the Kraken oil discovery in the East Shetland basin. By moneyweek Published …

moneyweek.com

$3.20
OFF

Gas Prices Will Fall In The Next 2 Years As Global Oil Supply Outpaces ...

2 weeks from now

15 hours ago · US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting …

yahoo.com

$81.33
OFF

Oil News: Sanctions And Producer Inflation Data Keep Crude Prices …

2 weeks from now

2 days ago · Crude oil prices near 4-month highs as traders await U.S. inflation data and Fed policy signals impacting oil demand. WTI crude tests key technical levels with $81.33 in focus; …

fxempire.com

$29.97
OFF

Silver (XAG) Forecast: Rally Or Retreat? CPI And 200-Day MA Could ...

2 weeks from now

1 day ago · Natural Gas, WTI Oil, Brent Oil Forecasts ... What’s Next for Silver Prices? Silver prices are hovering at a pivotal level, with $29.97 acting as the key to unlocking further gains. …

fxempire.com

$80
OFF

Oil Price News, Features, Analysis And Advice - Page 2 - MoneyWeek

2 weeks from now

Sep 29, 2021 · Gas prices explode – and oil prices will follow News After gas prices hit new highs, Brent crude oil prices have broken through $80 a barrel for the first time in almost three years. …

moneyweek.com

$80
OFF

What Do Higher Oil Prices Mean For Investors? | MoneyWeek

2 weeks from now

Sep 29, 2021 · Yesterday, oil prices (as measured by Brent crude) raced past $80 barrel for the first time in three years. It’s the latest commodity of many to surge in value.

moneyweek.com

30%
OFF

Oil Sector Off The Boil: What Happens Now? - MoneyWeek

2 weeks from now

Nov 11, 2024 · Lower oil prices and weak refining margins weighed on the group’s performance. The 30% year-on-year drop in third-quarter earnings to $2.27 billion will “maintain pressure” on …

moneyweek.com

FAQs about What's next for oil prices? - MoneyWeek Coupon?

Will oil prices fall 8% in 2025?

The EIA said it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026. The EIA slightly raised its estimate for record U.S. oil production this year, to 13.55 million barrels per day, from its prior estimate of 13.52 million bpd. ...

Is the oil price moving in a range?

The oil price still looks like it’s moving in a range, although it’s close to the lower end of this range right now. The average price of a barrel of Brent crude oil for 2024 so far is above $82 per barrel. This compares with an average price of $74 per barrel in the last five years. ...

Is the oil market oversupplied?

Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 in the biggest energy-consuming countries: the U.S. and China. The EIA said it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026. ...

Are oil prices under pressure over the next two years?

NEW YORK, Jan 14 (Reuters) - Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. ...

Should you invest in oil?

If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in. The price of oil has been volatile over the summer months. For the first time since 2021, Brent crude oil dropped below $70 per barrel. ...

Will crude prices continue in 2025?

This has made for a rather stable year in prices—and the stability could continue in 2025, on a few conditions. Brent crude and West Texas Intermediate appear set to end the year at nearly the same levels that they started. WTI started 2024 at a little over $70 per barrel and is about to end a little below that. ...