A BMI report sent to Rigzone by the Fitch Group on April 11 showed that BMI expected the front month Brent crude price to average $76 per barrel in 2025 and $75 per barrel in 2026. A BMI report sent to Rigzone by the Fitch Group on March 3 showed that BMI expected the Brent price to average $76 per barrel this year, $75 per barrel next year, and $75 per barrel across 2027, 2028, and 2029.
Morgan Stanley expects Brent Crude prices to average $70 per barrel in the second half of 2025, up from a $66-$68 a barrel range expected previously, after OPEC+ delayed the beginning of its production increase and slowed the pace of the output hikes into 2026.
LONDON: Saudi state oil company Aramco has started trading a US crude oil grade that underpins the global Brent benchmark in a process run by S&P Global Commodity Insights, the publisher said on Monday, according to Reuters.