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Barclays Cuts 2025 Brent Crude Forecast on Trade Tensions, OPEC+ Shifts

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025, …

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Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand

Energy Topics & Technology, Exploration & Production, Forecasts, Latest, US News / By

By Arathy Somasekhar and Mrinalika Roy Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot for Baker HOUSTON, April 23 (Reuters) – U.S. oilfield service provider Baker Hughes (BKR.O) on Wednesday forecast steeper drops in spending …

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US Natgas Futures Prices Decline on Worries About AI Power Demand Growth

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years. Analysts have warned that the fallout from U.S. President Donald Trump’s on-again …

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Kinder Morgan Maintains Annual Profit Forecast on Soaring Natgas Demand

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, LNG, Natural Gas, US News / By

By Vallari Srivastava Kinder Morgan narrowly misses first-quarter profit estimates Expects tariffs impact to be roughly 1% of the total project costs Remains bullish on natural gas demand April 16 (Reuters) – U.S. pipeline and terminal operator Kinder Morgan (KMI.N) left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand …

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HSBC Lowers Brent Price Forecasts on Trade Tensions, Sluggish Oil Demand

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction in global oil demand.The bank cut its Brent price forecast to $68.5 per barrel for 2025 and $65 per barrel for 2026. It also trimmed its global demand growth to 0.7 million barrel per day (mbd) for …

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JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

April 14 (Reuters) – JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per barrel from $73 and its 2026 target to $58 from $61. It lowered the 2025 WTI price outlook …

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Goldman Sachs Expects Oil Prices to Decline Through 2026

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group. The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of 2025, and …

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US EIA Warns of Lower Oil Demand From Tariffs and Trade Uncertainty

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

(Reuters) – Recent developments in global trade policy are set to lower global oil and fuel demand growth through 2026, the U.S. Energy Information Administration (EIA) said on Thursday in its monthly short-term energy outlook report. The U.S. Department of Energy’s statistical arm cut its annual U.S. and global oil demand growth forecasts for both …

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