UBS Expects Brent To Decline To $62/Bbl By End-2025 And March 2026
ReutersAug 11, 2025 6:34 AM
Aug 11 (Reuters) - UBS:
EXPECTS BRENT TO TRADE UNCHANGED AT $68/BBL AT END-SEPTEMBER
SEES A DECLINE TO $62/BBL BY END-2025 AND MARCH 2026 FOR BRENT
SEES A RECOVERY TO $65/BBL BY MID-2026 FOR BRENT, WHERE IT WILL LIKELY STAY AROUND IN 2H26
NARROWS THE WTI DISCOUNT TO BRENT TO $3/BBL FROM $4/BBL PREVIOUSLY
EXPECTS OPEC+ TO PAUSE ITS PRODUCTION ADJUSTMENTS, UNLESS LARGER LASTING UNEXPECTED SUPPLY DISRUPTIONS EMERGE
EXPECTS GLOBAL OIL DEMAND TO SET A PEAK FOR 2025 THIS MONTH, AND MODESTLY DECLINE OVER THE COMING MONTHS
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