Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes
BOE Report
MAY 4, 2025
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. “Tariff-related developments have certainly been a drag but the OPEC+ pivot has also been a significant driver of the move lower in oil [Read more]
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