Thursday, June 26, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Gbyte Recovery

    Gbyte Recovery Review: Can It Restore Deleted iPhone Contacts?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    Tech Trends That Are Reshaping the British Economy in 2025

    Tech Trends That Are Reshaping the British Economy in 2025

    Revolutionary Haptic Technology Transforms Gaming Experience

    Revolutionary Haptic Technology Transforms Gaming Experience

    Gravitational Training Systems: Revolutionary Physics in Sports Science

    Gravitational Training Systems: Revolutionary Physics in Sports Science

    Technology Solutions

    Order Flow vs Technical Analysis: Which Gives You the Real Edge in the Market

    Site Security: Integrating Sustainability and Protection

    Site Security: Integrating Sustainability and Protection

    Creative Leadership in an AI-Driven Era: Why Human Vision Still Leads the Way

    Creative Leadership in an AI-Driven Era: Why Human Vision Still Leads the Way

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    Understanding Finance and Why It Matters in Everyday Life

    Understanding Finance and Why It Matters in Everyday Life

    A Simple Guide to Buying Bitcoin for First-Time Investors

    A Simple Guide to Buying Bitcoin for First-Time Investors

    VPS Low Latency: Why It’s Important for Forex Traders

    VPS Low Latency: Why It’s Important for Forex Traders

    How AI Is Reshaping Financial Advising

    How AI Is Reshaping Financial Advising

    How Geopolitical Tensions Affect Forex Trading

    How Geopolitical Tensions Affect Forex Trading

    Steel Prices

    Where Steel Prices Have Been Headed: A Six-Month Look at Global Trends

    UK Online Casino Payments: Why Trustly and Mobile Methods Are Replacing Cards

    UK Online Casino Payments: Why Trustly and Mobile Methods Are Replacing Cards

    Gold Dips as Markets Rebound

    Gold Dips as Markets Rebound

    De-Dollarization Begins? China’s Reserve Shift Sends Global Warning

    De-Dollarization Begins? China’s Reserve Shift Sends Global Warning

  • Environment
    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

  • Property
    Top 10 Sell House Fast Companies in the UK

    Top 10 Sell House Fast Companies in the UK

    Efficient storage solutions for stress-free home renovations

    Efficient storage solutions for stress-free home renovations

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Insights and Opportunities For Exploring the London Property Market

    Insights and Opportunities For Exploring the London Property Market

    How to Choose the Right Moving Service for Your Needs

    How to Choose the Right Moving Service for Your Needs

    What Should You Do Before Moving House to Avoid Last-Minute Stress?

    What Should You Do Before Moving House to Avoid Last-Minute Stress?

    Choosing the Right Stove for Your UK Home in 2025

    Choosing the Right Stove for Your UK Home in 2025

    Importance Of Having A Property Management System For Airbnb Hosts 

    Importance Of Having A Property Management System For Airbnb Hosts 

    Real Estate

    Secrets to Building Wealth through Real Estate Investing

  • eCommerce
    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

    eCommerce in 2025: What’s Changing and Why It Matters

    eCommerce in 2025: What’s Changing and Why It Matters

No Result
View All Result
Today News
Home Business

Forecasting crude oil prices: trends and projections for 2024-2025

Kane William by Kane William
August 29, 2024
Reading Time: 4 mins read
Forecasting crude oil prices
628
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The global energy landscape continues to evolve, and projections for crude oil prices in 2024 and 2025 suggest a nuanced picture of market dynamics. Analysts anticipate that average annual prices will remain relatively stable, mirroring the 2023 averages. Here’s a closer look at the forecast and factors influencing the trajectory.

Average Prices for 2024-2025: forecasts indicate that the average Brent crude oil price will hover around $82 per barrel (b) in 2024 and $79/b in 2025, maintaining proximity to the 2023 average of $82/b. A similar trend is expected for West Texas Intermediate (WTI), with a slightly lower trajectory.

Related posts

Financial Markets

How CPI Affects Financial Markets

June 25, 2025
371
Medical Device

How to Check If a Medical Device Is Certified

June 25, 2025
264

First Quarter of 2024 (1Q24): anticipated OPEC+ production cuts are poised to drive crude oil prices upward in the first quarter of 2024. Projections suggest global stock draws of 810,000 barrels per day (b/d) during this period. As a consequence, the price of Brent is expected to climb from $78/b in December 2023 to $85/b in March 2024.

Subsequent Months and 2025 Outlook: following the first quarter, a gradual decrease in crude oil prices is forecasted from April 2024 onward. This shift is attributed to global production outpacing consumption, resulting in minor stock builds. Analysts project an increase of 110,000 b/d in stocks from 2Q24 through 4Q24, with a further uptick of 280,000 b/d expected in 2025.

Market Dynamics: the overall projection hinges on the delicate balance between global supply and demand for petroleum liquids. Analysts foresee relative equilibrium over the next two years, contributing to the stability in average annual prices. Ongoing monitoring of OPEC+ decisions, geopolitical events, and economic indicators will be crucial for accurate assessments.

As with any market forecast, uncertainties persist, and external factors can introduce unforeseen variables. Staying attuned to real-time data and market analyses will be essential for businesses and investors navigating the dynamic crude oil landscape in the coming years.

Several major historical hikes in brent crude oil price have occurred over the years, often driven by geopolitical events, economic factors, or disruptions to the oil supply. Here are some notable instances:

  1. 1973 Oil Crisis:
    • Triggered by the Arab members of the Organization of Arab Petroleum Exporting Countries (OAPEC) imposing an oil embargo.
    • Prices quadrupled, leading to a significant economic impact on oil-importing countries.
  2. 1979 Oil Crisis:
    • Resulted from the Iranian Revolution and the subsequent Iran-Iraq War.
    • Oil prices surged, and the crisis contributed to global economic challenges.
  3. 1990 Gulf War:
    • Iraq’s invasion of Kuwait led to the Gulf War.
    • Oil prices spiked due to concerns about supply disruptions in the region.
  4. 1999-2000:
    • Prices dropped to historic lows in the late 1990s due to oversupply.
    • OPEC implemented production cuts to stabilize prices.
  5. 2008 Financial Crisis:
    • High demand and financial speculation contributed to soaring oil prices.
    • Prices reached unprecedented levels before plummeting during the financial crisis.
  6. Arab Spring (2010-2011):
    • Political unrest in the Middle East and North Africa affected oil-producing nations.
    • Concerns about supply disruptions led to a spike in oil prices.
  7. 2014-2016:
    • Oversupply and geopolitical factors contributed to a significant drop in oil prices.
    • OPEC’s decision not to cut production intensified the decline.
  8. COVID-19 Pandemic (2020):
    • Demand plummeted due to lockdowns, leading to a historic collapse in oil prices.
    • OPEC+ implemented production cuts to stabilize the market.

These events showcase the sensitivity of oil prices to geopolitical tensions, conflicts, economic conditions, and global events. Keep in mind that the energy market is dynamic, and various factors can influence price movements. For the latest and most accurate information, refer to real-time data and market analyses from reputable sources.

Kane William

Tags: Forecasting crude oil prices
Previous Post

Why is the Google Chrome Helper requiring a lot of CPU?

Next Post

Mastering Football Betting Odds: Essential Tips for Thai Bettors

Related Posts

Financial Markets
Business

How CPI Affects Financial Markets

June 25, 2025
371
Medical Device
Business

How to Check If a Medical Device Is Certified

June 25, 2025
264
Chauffeur Car Hire
Business

Airport Transfers Made Easy With Chauffeur Car Hire In London

June 25, 2025
430
Cleaning Routine
Business

What Your Cleaning Routine Might Be Missing: The Overlooked Spaces That Need Attention

June 23, 2025
486
Light Demolition
Business

Inside the Walls: What Happens Before, During and After Light Demolition

June 23, 2025
442
Roof
Business

Building Upward: A Story About the Roof Above

June 23, 2025
540
Next Post
Mastering Football Betting Odds: Essential Tips for Thai Bettors

Mastering Football Betting Odds: Essential Tips for Thai Bettors

RECOMMENDED NEWS

What Are the Most Popular Crypto Tabletop Games?

What Are the Most Popular Crypto Tabletop Games?

11 months ago
35
Meet Elena

Meet Elena: Greece’s Young Innovator

12 months ago
390
Can we still see The Beatles’ influence on culture and music in today’s world?

Can we still see The Beatles’ influence on culture and music in today’s world?

3 years ago
172
Unleashing the Power of AI Coaching Platforms in the Digital Age

Unleashing the Power of AI Coaching Platforms in the Digital Age

1 year ago
45

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

AI Alt Text Generators banking Beauty business Christmas construction Corteiz cyber security data digital Digital Marketing Services ecommerce finance fitness health HGV Driver Careers inflation insurance IP Camera Software kitchen KYND lifestyle manchester music News overseas Painting Jobs Personal Injury Pharmaceutical Industry Product Development property Real Estate recruitment Skincare Solar Panel Installation sports technology tourism travel UK vehicles Water Filter Pitcher yorkshire YouTube to MP3 Converter

Latest news

Understanding Finance and Why It Matters in Everyday Life

Understanding Finance and Why It Matters in Everyday Life

June 25, 2025
A Simple Guide to Buying Bitcoin for First-Time Investors

A Simple Guide to Buying Bitcoin for First-Time Investors

June 25, 2025
VPS Low Latency: Why It’s Important for Forex Traders

VPS Low Latency: Why It’s Important for Forex Traders

June 25, 2025
Age Verification Laws in the UK: From Alcohol to Online Access

Age Verification Laws in the UK: From Alcohol to Online Access

June 25, 2025
Financial Markets

How CPI Affects Financial Markets

June 25, 2025
Medical Device

How to Check If a Medical Device Is Certified

June 25, 2025
Home Care Services

7 Surprising Benefits of Home Care Services in Enfield

June 25, 2025
Chauffeur Car Hire

Airport Transfers Made Easy With Chauffeur Car Hire In London

June 25, 2025
Sauna

Garden Sauna as Natural Medicine: How Regular Sweating Helps the Body Regenerate

June 25, 2025
Gbyte Recovery

Gbyte Recovery Review: Can It Restore Deleted iPhone Contacts?

June 25, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Understanding Finance and Why It Matters in Everyday Life

Understanding Finance and Why It Matters in Everyday Life

June 25, 2025
A Simple Guide to Buying Bitcoin for First-Time Investors

A Simple Guide to Buying Bitcoin for First-Time Investors

June 25, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact