J.P. Morgan: Russian oil flow will not Rebound due to ceasefire

On February 13, Jinshi Data News, JPMorgan Chase expects that the assumption that the ceasefire will lead to a large-scale resumption of Russian oil flow is incorrect. Russia’s production cut is part of its commitment to OPEC+, not in response to US or European sanctions. JPMorgan Chase still expects the average Brent price in 2025 to be $73 per barrel, with prices at the end of the year in the mid-$60 per barrel range. The bank predicts that 2026 will be ‘another year of significant oversupply, pushing Brent prices below $60 by the end of the year,’ with an average level of $61 per barrel.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Localeibis_0hvip
· 02-13 14:40
Bull Run 🐂
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)