Overview

• Brent is forecast to average $67.65 in 2025 and WTI $64.65, according to a Reuters August survey of 31 economists and analysts.
• OPEC+ approved a 547,000 barrels‑per‑day increase for September, with some analysts suggesting the group may keep prioritizing market share over higher prices.
• Major banks project a further slide late this year into early 2026, with a Wall Street Journal survey showing Brent near $63.57 and WTI about $60.30 in the fourth quarter.
• The Reuters poll pegs 2025 demand growth at 500,000 to 1.1 million barrels per day, compared with the IEA’s estimate of roughly 680,000 barrels per day.
• U.S. tariff actions under President Donald Trump are pressuring buyers of Russian oil, though respondents expect limited market impact as alternative supply grows, and analysts note a persistent risk premium from renewed strikes on Russian energy infrastructure.