IMF Forecasts Oil Prices Decline To $66/b By Year-end

In a fresh assessment of the global oil and gas situation, the International Monetary Fund (IMF) has foreseen oil prices declining in 2025 to $66.90 per barrel, nearly $6 below the October projection. The gradual phase-out of OPEC+ oil production cuts and strong supply growth from non-OPEC+ countries are expected to outpace subdued global oil [...]

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