EIA: Oversupply And Sluggish Demand To Blame For Weak Oil Prices In 2025 ...Middle East

The U.S. Energy Information Administration has revealed that global oil supplies exceeded demand in 2025, leading to a sharp decline in oil prices. Monthly average Brent crude oil prices declined from $79 per barrel in January to $63 per barrel in December, the lowest monthly average price since early 2021. Meanwhile, oil prices averaged $69 per barrel in 2025, the lowest in five years even after adjusting for inflation. Oil markets responded to a raft of (mostly) negative catalysts throughout the year. Oil prices fell in the first half of the…

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