Finance

EIA lowers oil forecast again on Opec+ supply growth

Brent could fall to $62 per barrel in second half of 2025 and drop further to $59 per barrel in 2026

An onshore facility operated by Perenco.
An onshore facility operated by Perenco.Photo: PERENCO
North America Energy CorrespondentHouston
Published 6 May 2025, 22:05Updated 7 May 2025, 07:01
Brent CrudeOpec+Donald TrumpUnited StatesEIA