EIA forecasts lower oil price in 2025 amid significant market uncertainties
Uncertain demand and extra supply is likely to dominate the energy markets in the near future; that means lower prices are likely. In 2024, the benchmark Brent crude averaged $81 per barrel, but it’s forecasted to dip to $74 in 2025 and $66 by 2026. This price slide is largely due to an increase in
Read & Share sourced from: U.S. Energy Information Administration