Barclays(US:BCS) news flash·2025-05-05 03:21Core Viewpoint - Barclays has lowered its Brent crude oil price forecasts for 2025 and 2026 due to OPEC+'s decision to accelerate oil production growth [1] Group 1: Price Forecast Adjustments - The 2025 Brent crude oil price forecast has been reduced by $4 to $66 per barrel [1] - The 2026 Brent crude oil price forecast has been reduced by $2 to $60 per barrel [1] Group 2: OPEC+ Production Changes - Barclays has revised its outlook on OPEC+, expecting the organization to continue accelerating the gradual removal of additional voluntary adjustments [1] - The revised plan is now expected to take effect within 6 months, compared to the initial 18-month timeline [1] - This change will lead to an increase in OPEC's crude oil production forecasts by 390,000 barrels per day for 2025 and 230,000 barrels per day for 2026 [1]