{"id":647120,"date":"2025-09-20T10:02:36","date_gmt":"2025-09-20T04:32:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=647120"},"modified":"2025-09-20T10:40:35","modified_gmt":"2025-09-20T05:10:35","slug":"citi-sees-brent-crude-at-60-by-year-end-as-opec-ramps-up-production","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/citi-sees-brent-crude-at-60-by-year-end-as-opec-ramps-up-production\/","title":{"rendered":"Citi sees Brent crude at $60 by year-end as OPEC+ ramps up production"},"content":{"rendered":"<p>Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China&#8217;s stockpiling.<\/p>\n<p>The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million barrels per day (mb\/d) of voluntary cuts starting in October 2025.<\/p>\n<p>Citi said that could lead to stock builds of 1.1 mb\/d in 2025 and 2.1 mb\/d in 2026, adding slack to an already-loosening global supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China&#8217;s stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million barrels per day (mb\/d) of voluntary cuts starting in October 2025. Citi said that could lead to stock builds of 1.1 mb\/d in 2025 and 2.1 mb\/d in 2026, adding slack to an already-loosening global supply.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-647120","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/647120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=647120"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/647120\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=647120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=647120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=647120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}