Citi Cuts Brent Oil Price Forecast to $74 in 2024 on Ample Supply ...Middle East

Brent Crude oil prices are expected to average $74 per barrel this year, Citi said in a note, revising down its previous forecast by $1 a barrel, due to expectations of excess supply.   The researchers at the bank also slashed their Brent forecast for 2025 by $10 per barrel, and now see the international benchmark averaging $60 a barrel next year. “We believe softer market fundamentals, absent major supply disruptions, will result in OPEC+ rolling over its Q1 2024 production cuts throughout the whole 2024 and start tapering them only…

Hence then, the article about citi cuts brent oil price forecast to 74 in 2024 on ample supply was published today ( Friday 12/01/2024 - 07:44 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Citi Cuts Brent Oil Price Forecast to $74 in 2024 on Ample Supply )

Also on site :

• DongCheng Company Hosts 2026 Online Product Launch Events, Unveiling Multi-Scenario Solutions for Construction, Metalworking, Woodworking and Home Renovation
• Agentic AI Foundation Welcomes the Gates Foundation to Help Expand the Benefits of Agentic AI Globally
• Hanshow, shopreme, and Lucky cart Unveil a New Smart Cart Solution to Enhance the Shopping Experience and Drive Retail Growth