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HSBC Maintains Brent Crude Forecast at $65/bbl for Q4 2025 and 2026

ReutersOct 6, 2025 10:50 AM

- HSBC:

  • SAYS ITS 4Q25 / 2026 BRENT CRUDE ASSUMPTION REMAINS AT $65 PER BARREL, WITH DOWNSIDE RISKS IF INVENTORY INCREASES MATERIALISE IN THE OECD

  • SAYS THEY STRONGLY DISAGREE WITH VIEWS THAT "ONLY SAUDI ARABIA HAS ANY REAL SPARE CAPACITY", AND EXPECT PRODUCTION FROM THE UAE, IRAQ AND KUWAIT TO RISE

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