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Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

Oil & Gas 360º

The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down by $2 from its previous estimate. It has also cut its forecast for West Texas Intermediate (WTI) crude by $3/bbl, now projecting it to average $56/bbl for the remainder of 2025 and $52/bbl in 2026.

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OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May

Egypt Oil & Gas

The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (bbl/d), equivalent to three monthly increments, in May 2025. The post OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May first appeared on Egypt Oil & Gas.

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Banks betting on market fundamentals despite trade policy upheaval

Oil & Gas 360º

(World Oil) –Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. bbl compared to the Fall 2024 forecasts , largely attributed to expectations of increased production from both OPEC and U.S.

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IEA Cut Oil Demand Expectations for 2025

Egypt Oil & Gas

The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. These expectations are mainly impacted by the strong oil consumption in Q1 2025, up by 1.2

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Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes

BOE Report

Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes.

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Goldman Sachs sees upside risk to Brent, WTI oil price forecasts

BOE Report

Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday. The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of [Read more]

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Prairie Operating Co. secures strong cash flow with strategic hedging program ahead of market downturn

Oil & Gas 360º

(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl bbl WTI and $4.28/MMBtu MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu

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