Bank Of Baku

Fitch Solutions: Oil price to fall to $75 this year

Fitch Solutions: Oil price to fall to $75 this year
# 20 February 2025 16:40 (UTC +04:00)

Fitch Solutions (FS), a company belonging to the Fitch Group, has lowered its forecast for oil prices, APA-Economics reports.

FS's oil and gas team has lowered its forecast for the price of Brent crude oil from $82 to $76 per barrel for 2025. It has also lowered its forecast for the price of Brent from $81 to $75 for 2026-2028. In other words, the forecast has been reduced by 7.3% or $6.

The company also set the average price of various types of oil produced by OPEC countries (OPEC basket) at $75 for 2025 and $74 for 2026-2028.

FS's previous forecast for the OPEC basket was $81 and $80, respectively. In other words, the forecast has been reduced by $6.

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