In international markets, the price of "Brent" crude oil may sharply decrease.
According to Modern.az, "JP Morgan" analysts state that by 2027, the price of a barrel of "Brent" crude oil could fall to 30 dollars.
The reason for this is an excess supply that surpasses global demand.
Currently, "Brent" has fallen by 14% since the beginning of the year, and on Monday, the price remained stable around 62.59 dollars. The weakening of prices is attributed to expectations that peace talks regarding Ukraine may resume.
Analysts note that even if an oversupply occurs in the global market, prices falling below 40 dollars does not seem realistic. However, in the short term, pressure on prices will mainly be related to the high production of OPEC+ countries and US producers.
At the same time, experts believe that a peaceful resolution of the Ukraine war could affect energy markets. The possibility of easing a number of sanctions imposed on Russian oil could create additional changes in prices.
The renowned investment bank "Goldman Sachs" states that oil quotations will continue to move downwards in 2026. According to the bank's calculations, the average price of US WTI crude oil will be approximately 53 dollars in 2026.
The bank also warns that daily oil surplus could reach 2 million barrels in 2025.
According to Daan Struyven, co-head of "Goldman Sachs"'s global commodities research department, 2026 will be the final year of a large wave of supply, after which the market will gradually begin to stabilize.
