Jin10 data on July 11 reported that analysts from Fitch's research institution BMI stated in a report that due to seasonally bullish demand, the fundamentals of the oil market remain tight, while new attacks by Houthi forces on cargo ships crossing the Red Sea have increased risk premiums. President Trump has decided to postpone the reintroduction of the so-called "reciprocal" tariffs until August, which is also positive for the market. As global oil demand declines and production rises, the market is facing oversupply, and Brent crude may face new pressure in the second half of 2025 to 2026. BMI forecasts that the average annual price of Brent crude will be $68 per barrel in 2025 and $67 per barrel in 2026.
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BMI: The average price of Brent crude oil is expected to be $68 per barrel in 2025.
Jin10 data on July 11 reported that analysts from Fitch's research institution BMI stated in a report that due to seasonally bullish demand, the fundamentals of the oil market remain tight, while new attacks by Houthi forces on cargo ships crossing the Red Sea have increased risk premiums. President Trump has decided to postpone the reintroduction of the so-called "reciprocal" tariffs until August, which is also positive for the market. As global oil demand declines and production rises, the market is facing oversupply, and Brent crude may face new pressure in the second half of 2025 to 2026. BMI forecasts that the average annual price of Brent crude will be $68 per barrel in 2025 and $67 per barrel in 2026.