Core Viewpoint - The energy consulting group FGE NexantECA's honorary chairman Fereidun Fesharaki suggests that despite OPEC+'s production increase being lower than expected, oil prices could drop below $60 per barrel by the end of this year or early 2026 [1][2] Group 1: OPEC+ Production Decisions - OPEC+ has decided to increase production by 137,000 barrels per day next month, responding to market expectations of an impending oversupply of crude oil [1] - The market had anticipated a larger production increase from OPEC+, but the muted response in oil prices may embolden the organization to take more aggressive actions in the future [1][2] Group 2: Oil Price Predictions - Fesharaki predicts that oil prices could fall to around $55 per barrel in the first quarter of next year, which would significantly impact U.S. shale oil production and subsequently reduce supply, potentially supporting oil prices in the long run [1] - Following OPEC+'s production decision, Brent crude prices have rebounded to over $66 per barrel, indicating market volatility and sensitivity to OPEC+ actions [1]
FGE主席：欧佩克+增产或低于预期 油价明年恐跌破60美元大关