Sunday, September 7, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    ChatGPT

    India’s IT Sector Embraces ChatGPT Alternatives: The Rise of Specialized AI Chatting Tools

    Digital Transformation

    The Role of Drupal in the UK’s Public Sector Digital Transformation

    Looking out from a window at a vibrant UK city street, with vehicles and people navigating the urban landscape.

    Smart Transport: AI Solutions for UK’s Urban Mobility Challenges

    AI Agents

    5 Tips for Using AI Agents in the Best Possible Way

    Windows 11 Safely

    How to Download and Install KMSpico on Windows 11 Safely (Step-by-Step Guide with Alternatives)

    tech

    The Rise of Minimalist Tech: Why Consumers Are Choosing Compact Gadgets

    Revolutionizing

    How Technology Is Revolutionizing the Way We Travel

    Online Casino Game

    The iGaming software provider matters: Is it the best way for online casinos to achieve long-term success?

    Casino Slot Game

    Find Legit AU Online Casinos | Safe Gambling Guide

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    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

  • Finance
    Smartphone displaying a stock chart with fluctuating lines and data points.

    CHIPS Act Shake-Up: How Washington’s Plan Impacts Tech and Industry Stocks

    sifx.com: What’s Behind the Growing Buzz Among Traders?

    sifx.com: What’s Behind the Growing Buzz Among Traders?

    Georgia’s Free Industrial Zones (FIZ): A Strategic Choice for Crypto Businesses?

    Georgia’s Free Industrial Zones (FIZ): A Strategic Choice for Crypto Businesses?

    Senior Citizen in a wheelchair

    How to Support and Manage Your Parents’ Financial Decisions Through Dementia

    Mobile Apps for Managing Finances: What to Choose in 2025

    Mobile Apps for Managing Finances: What to Choose in 2025

    Bank Branch Presence in the UK: Then and Now

    Bank Branch Presence in the UK: Then and Now

    Financial graph illustrating investment performance

    Tradock Explained | What This Trading Platform Offers

    Investment Graph in different device screens

    Quantiumax Reviews: What Makes This Broker the Best Choice Available

    Panoramic view of London's skyline featuring iconic buildings like the Shard and the London Eye against a clear sky

    Can London Still Compete with Silicon Valley and Berlin in Tech Investment?

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    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

  • Property
    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    How to Streamline Your Home Expenses

    How to Streamline Your Home Expenses

    How To Plan Your Home Improvements in Six Easy Steps

    How To Plan Your Home Improvements in Six Easy Steps

    Budgeting for a House Sale: What Most Sellers Forget

    Budgeting for a House Sale: What Most Sellers Forget

    Home and business removals: Streamlining your move

    Home and business removals: Streamlining your move

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

  • eCommerce
    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    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?

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
629
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

Super 98 Fuel

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
302
AC Not Cooling

Car AC Not Cooling After Recharge: Hidden Problems Explained

September 5, 2025
431

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

Super 98 Fuel
Business

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
302
AC Not Cooling
Business

Car AC Not Cooling After Recharge: Hidden Problems Explained

September 5, 2025
431
RADV Audit
Business

RADV Audit Expansion: Why Vendor Oversight Should Be a Health Plan Priority

September 5, 2025
429
Social Proof
Business

Social Proof Explained: 7 Types That Drive Real Influence

September 5, 2025
270
Skiing
Business

Skiing on a Budget? Here’s How to Do It Without Compromising the Experience

September 5, 2025
443
Yellow excavator demolishes a brick wall at a house under demolition
Business

Demolition services in ManchesterHow Urban Archaeology Depends on Precise Demolition Techniques

September 5, 2025
452
Next Post
Mastering Football Betting Odds: Essential Tips for Thai Bettors

Mastering Football Betting Odds: Essential Tips for Thai Bettors

RECOMMENDED NEWS

Investment Student

Leading Investment Education Providers: Shaping Tomorrow’s Investors

11 months ago
396
Investment Seminar Speaker

Investment Seminars You Can’t Afford to Miss

11 months ago
506
First aid

First aid management in the workplace: Are you up to date?

3 months ago
49
Roles of Oxbridge Courses in Getting Into Oxbridge

Roles of Oxbridge Courses in Getting Into Oxbridge

3 years ago
507

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

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Super 98 Fuel

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
AC Not Cooling

Car AC Not Cooling After Recharge: Hidden Problems Explained

September 5, 2025
RADV Audit

RADV Audit Expansion: Why Vendor Oversight Should Be a Health Plan Priority

September 5, 2025
Social Proof

Social Proof Explained: 7 Types That Drive Real Influence

September 5, 2025
Furnished Apartments

London Serviced Apartments: A Growing Trend Among Modern Travellers

September 5, 2025
Skiing

Skiing on a Budget? Here’s How to Do It Without Compromising the Experience

September 5, 2025
Man wearing a coat is seated on a bench, focused on his laptop in an outdoor setting.

What Experienced Players Value That New Gamers Often Overlook in Online Casinos

September 5, 2025
Woman seated on the floor, using on her laptop, surrounded by a comfortable and inviting space.

How Online Casinos Keep At-Home Gamers Engaged and Entertained

September 5, 2025
Smartphone displaying a stock chart with fluctuating lines and data points.

CHIPS Act Shake-Up: How Washington’s Plan Impacts Tech and Industry Stocks

September 5, 2025
Person gently holds a baby's hand, symbolizing connection and care between them.

6 Postpartum Routines You Should Instil for Your Wellbeing

September 5, 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

Super 98 Fuel

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
AC Not Cooling

Car AC Not Cooling After Recharge: Hidden Problems Explained

September 5, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact