Oil Price Forecast 2025. It expects chinese oil demand to grow by only 180,000 b/d this year and by 210,000 b/d in 2025, down from record. A strengthening us dollar will exacerbate the impact of higher oil prices on inflation in many.

In the eia’s september steo, the organization forecast that the brent spot price would average $81.64 per barrel in the fourth quarter of 2024, $83.34 per barrel in the first quarter of 2025. If producer group opec+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non.