The U.S. Department of Energy has raised its forecast for Brent prices in 2025 to $68.91 per barrel
Analysts believe that global oil reserves will grow in the coming years, which will have a significant impact on market prices. It is expected that in the first quarter of 2026, the price of Brent oil will drop to $55 and remain at that level throughout the year.
It is also anticipated that OPEC+'s production policy and the ongoing increase in oil reserves in China will help mitigate the price decline in 2026, with OPEC+ producing 1.3 million barrels per day less than planned.
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