Stable demand, rapid production increase, and tariff pressure: More than 20 banks collectively lower their forecast for oil prices in 2025.

According to the information obtained from the Securities Times app, a new survey by law firm Haynes Boone revealed that more than 20 banks have lowered their forecasts for oil prices in 2025 due to OPEC's accelerated production increase at the end of this summer. The survey of 28 banks showed that this year's oil price averages $58.30 per barrel, compared to an average forecast of $61.89 per barrel for 2025 last autumn.