KITU Macro said that OPEC+'s more aggressive policy changes are expected to put pressure on prices this year and next two years. Economist Hamad Hussain said, “OPEC+ abandoned its 18-month plan and instead announced production quotas on a monthly basis, adding more uncertainty to the outlook for the oil market and making various outcomes likely.” “In any case, it's only a matter of time before OPEC+ shifts its focus to regaining market share, and we think this shift will last.” KITU Macro currently predicts that the price of Brent crude oil will be 60 US dollars per barrel by the end of 2025 and 50 US dollars per barrel by the end of 2026.

KITU Macro said that OPEC+'s more aggressive policy changes are expected to put pressure on prices this year and next two years. Economist Hamad Hussain said, “OPEC+ abandoned its 18-month plan and instead announced production quotas on a monthly basis, adding more uncertainty to the outlook for the oil market and making various outcomes likely.” “In any case, it's only a matter of time before OPEC+ shifts its focus to regaining market share, and we think this shift will last.” KITU Macro currently predicts that the price of Brent crude oil will be 60 US dollars per barrel by the end of 2025 and 50 US dollars per barrel by the end of 2026.