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[size=36]Morgan Stanley Raises Oil Price Forecast for H2 2025[/size]
economy | 06:48 - 06/12/2024
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Mawazine News - Baghdad
Morgan Stanley raised its Brent crude price forecast for the second half of 2025 and said it now expects a smaller surplus in the oil market for the full year after the OPEC+ alliance of oil producers decided to delay and slow plans to increase output. The
bank raised its Brent price forecast for the second half of 2025 to $70 a barrel from $66-$68 a barrel in a December 5 forecast.
The OPEC+ alliance, which groups members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, on Thursday delayed the start of oil output increases by three months to April.
The group said the cuts would be phased in until September 2026, nine months later than previously planned.
bank raised its Brent price forecast for the second half of 2025 to $70 a barrel from $66-$68 a barrel in a December 5 forecast.
The OPEC+ alliance, which groups members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, on Thursday delayed the start of oil output increases by three months to April.
The group said the cuts would be phased in until September 2026, nine months later than previously planned.
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