Deutsche Bank Forecasts Brent at $61/bbl By End Of 2025
ReutersOct 13, 2025 7:21 AM
Oct 13 (Reuters) - DEUTSCHE BANK:
FORECASTS BRENT AT $61 PER BARREL BY YEAR-END, BEFORE DECLINING TO $55/BBL IN 2026 AS INVENTORIES GROW
SAYS "OIL FUNDAMENTAL BALANCES SHOULD WEAKEN TOWARDS YEAR-END, ACCORDING TO DB ESTIMATES. THIS IS PARTLY DUE TO GEOPOLITICS, GIVEN THE LOW LIKELIHOOD OF CHINA AND INDIA COOPERATING WITH THE US ON SANCTIONING RUSSIAN OIL EXPORTS"
SAYS "FURTHERMORE, Q4 SEES FURTHER OPEC SUPPLY INCREASES, WITH INVENTORY BALANCES LIKELY MOVING FROM UNDER TO OVER-SUPPLY"
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