Global oil stocks increased in the first five months of 2025 and will continue to grow considerably during the prediction period, the American EIA noted.
The prices of crude oil can slip under $ 60 per barrel by December 2025 as a combination of geopolitical tensions, trade policy shifts and supply dynamics is feeding volatility and worsening economic uncertainty, which can have an adverse effect on the growth of the oil demand.
“Our basic case presupposes a complete settlement of OPEC+ cuts made in 2023. Dated Brent prices are falling below $ 60 per barrel by the end of the year,” said S&P Global Commodity Insights.
Global economic growth will be hindered by disruptions of the tariff implementation, while the financial circumstances may not improve as expected, it has shown that the oil supply increases demand growth of the outpace with a healthy margin in 2025 and 2026 calendar years (CY).
If Brent prices remain at such low levels, the ordinary man can expect a reduction in selling prices of gasoline and diesel. In the recent past Minister of Oil Hardep Singh Puri has said that if prices remain in $ 60-65 per barrel range, the ordinary man can expect some lighting.
Sweeping Tariffs By the US On All its Trading Partners Have Infused Significant Economic Uncertainty, which is SEEN POTENTILY REDUCING GLOBAL GDP Growth from 2.8 per cent Last year to 2.2 per cent in 2025 and Could Cut Oil/Demand Growth from) from) from) From) from) from MB/D, Explained Premasish Das, Vice President of Oil Markets & Downstream Research, Ameacis at S&P Global Commodity Insights.
Speaking with reporters on the sidelines of the S&P event, DAS said: “By the end of the year (rough) the price can slide below $ 60 per barrel due to a higher supply and muted demand.”
In his update of June 2025 of the short -term Energy Outlook (Steo), the American EIA also said that it expects rising global oil to reduce the prices of crude oil during the prediction period. BRENT -Price will probably drop by an average of $ 61 per barrel and an average of $ 59 in 2026 by the end of this year.
Global oil stocks increased in the first five months of 2025 and will continue to grow considerably during the prediction period, the American EIA noted.
“We expect that with an average of 0.4 million barrels per day (B/D) for the rest of the year, they expect that the global oil inventory -in on average will be 0.8 million B/D in 2025, 0.4 million B/D higher than in Steo last month,” it added.
Similarly, the International Energy Agency (IEA) said that the oil markets look good in 2025 in the absence of a large disruption.
With the supply that exceeds demand, the global observed oil inventories have risen on average by 1 MB/D since February and in May alone with a huge 93 MB, according to the available provisional data, IA said in the June 2025 oil market report.
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Published on July 3, 2025
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