J.P. Morgan expects that the assumption that the ceasefire will lead to a large-scale recovery of Russian oil flow is incorrect. Russia’s production cut is part of its commitment to OPEC+, not in response to U.S. or European sanctions. J.P. Morgan still expects the average price of Brent 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.
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J.P. Morgan: Rusya'nın petrol akışı ateşkes nedeniyle Ribaund olmayacak
J.P. Morgan expects that the assumption that the ceasefire will lead to a large-scale recovery of Russian oil flow is incorrect. Russia’s production cut is part of its commitment to OPEC+, not in response to U.S. or European sanctions. J.P. Morgan still expects the average price of Brent 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.