Goldman Sachs: The expected average price of Brent crude oil product in 2024 is $80 per barrel.
Goldman Sachs stated that despite supply shortages and geopolitical uncertainties in 2024, the average price of Brent crude oil this year is expected to be around $80 per barrel.
On the first day in office, a major energy plan is being launched! The Trump team is preparing to promote henry hub natural gas exports and oil drilling.
Trump's energy plan includes approving new liquefied natural gas project export permits, accelerating oil drilling on the US coast and federal lands, and abolishing a series of climate legislation and environmental regulations implemented by former President Biden.
Crude Optimism: What's Driving Oil Markets Up?
jpmorgan: Even if OPEC+ extends production cuts, the oil market will still face a significant supply surplus.
Analysts from jpmorgan, led by Natasha Kaneva, stated in a report that even if OPEC+ extends production cuts, the global oil market will still see a "huge" surplus of 1.3 million barrels per day next year.
Express News | Jpmorgan predicts that the global crude oil supply will have an excess of approximately 1.3 million barrels per day in 2025.
Midday crude oil analysis: Escalating Russia-Ukraine conflict continues to drive international oil prices higher...
During the early trading session in Asia, as the conflict between Russia and Ukraine intensifies, the price of Brent crude oil futures has slightly increased.