Golden Ten data, September 6th news, JPMorgan Chase said that as the opportunity window for gradual production cuts closes, OPEC+ will maintain current production levels for at least the next year. In this case, it is expected that the average Brent crude oil price in 2025 will be $75/barrel, and it will fall to a low point of $60/barrel by the end of the year. The price of $60/barrel is not a good price for both producing and consuming countries. If OPEC+ insists on market management, it will need to cut production by another 1 million barrels/day. Given the poor performance of oil prices in August, we have lowered our forecast for oil prices in the fourth quarter of 2024 from $85/barrel to $80/barrel, but we maintain our expectations for 2025.
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小摩: Q4 petrol fiyat beklentisini düşürdü, OPEC+ gelecek yıl üretimi sabit tutacak
Golden Ten data, September 6th news, JPMorgan Chase said that as the opportunity window for gradual production cuts closes, OPEC+ will maintain current production levels for at least the next year. In this case, it is expected that the average Brent crude oil price in 2025 will be $75/barrel, and it will fall to a low point of $60/barrel by the end of the year. The price of $60/barrel is not a good price for both producing and consuming countries. If OPEC+ insists on market management, it will need to cut production by another 1 million barrels/day. Given the poor performance of oil prices in August, we have lowered our forecast for oil prices in the fourth quarter of 2024 from $85/barrel to $80/barrel, but we maintain our expectations for 2025.