Experts predict a decrease in oil prices next year. According to analysts, crude oil will become cheaper amid rising production in the United States and OPEC+ countries.

Sergey Tereshkin, Founder and CEO of OPEN OIL MARKET:
"In 2025, the average price of Brent crude will drop below $70 per barrel. Key production growth will come from countries outside the OPEC+ agreement, including the United States, Brazil, Guyana, Canada, and Argentina.

The fact that OPEC+ postponed increasing quotas from October to December is directly related to the rising output in North and South America. OPEC+ countries cannot delay this decision indefinitely; sooner or later, the key participants in the deal may lose their resolve. It's no coincidence that rumors about Saudi Arabia's plans to boost oil production have surfaced in the media in recent weeks.














Translated using ChatGPT.


Source:   https://www.vedomosti.ru/business/articles/2024/11/05/1072892-eksperti-prognoziruyut-snizhenie-tsen-.