09 May, EOD - Indian

SENSEX 79454.47 (-1.10)

Nifty 50 24008 (-1.10)

Nifty Bank 53595.25 (-1.42)

Nifty IT 35880.1 (-0.34)

Nifty Midcap 100 53223.35 (-0.01)

Nifty Next 50 62527 (-0.37)

Nifty Pharma 21071.75 (-0.21)

Nifty Smallcap 100 16085.65 (-0.61)

09 May, EOD - Global

NIKKEI 225 37503.33 (1.56)

HANG SENG 22867.74 (0.40)

S&P 5696 (-0.01)

Login/Signup
Careers

Commodity Mid Session News

You are Here : Home > News > Commodity Mid Session News >

(08 May 2025, 15:01)

Market Speak: EIA cuts oil price forecast for 2025 & 2026; rising supply & tariffs dent outlook

The US EIA, in its May Short-Term Energy Outlook, sees Brent crude prices sliding through 2025 and 2026 as global oil production outpaces demand growth. Brent averaged $68 per barrel in April, down $5 from March—marking the third monthly drop—driven by weaker demand expectations amid new US-led tariffs and accelerated OPEC+ output. The agency now forecasts Brent to average $62 in the second half of 2025 and fall further to $59 in 2026, sharply lower than last month’s projections. Inventories are expected to build steadily, growing by 0.4 million barrels per day in 2025 and 0.8 million in 2026. While supply pressures dominate, the EIA warns of deep uncertainty linked to tariffs, sanctions on Russia and Iran, and the phasing out of Venezuelan crude exports. The agency also highlights that OPEC+ discipline in unwinding production cuts will be crucial in shaping the price path ahead.
More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.
+91-22-25229720
+91-9769005430
>info@capitalmarket.com

For any Capital Market Website related queries mail to :
webdesk@capitalmarket.com

For Capital Market Magazine subscription queries :
+91-8657545825  

subscription@capitalmarket.com

For Capital Market Online Product related queries :
+91-8657545825  

financeshop@capitalmarket.com

To advertise on Capital Market Websites mail to :
advt@capitalmarket.com

To email Press Releases :
pressrelease@capitalmarket.com

Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages giving any kind of stock recommendations.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +