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Brent Crude Prices Projected to Drop to $73 by 2025

3/24/2025

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Summary

Story summary

Brent crude oil prices are expected to reach $73 per barrel in 2025, a $7 decrease from 2024.
This forecast considers OPEC+ production strategies and US tariff regulations.
Global oil demand is anticipated to grow by 1.1 million barrels per day.
Non-OPEC production may rise by 1.4 million barrels per day.
Economic growth for 2025 is projected at 2.8%, with risks from trade tensions.

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Story summary

Brent crude oil prices are expected to reach $73 per barrel in 2025, a $7 decrease from 2024.
This forecast considers OPEC+ production strategies and US tariff regulations.
Global oil demand is anticipated to grow by 1.1 million barrels per day.
Non-OPEC production may rise by 1.4 million barrels per day.
Economic growth for 2025 is projected at 2.8%, with risks from trade tensions.