Zheng Quan Shi Bao Wang·2025-10-28 23:52Core Viewpoint - Huatai Securities maintains its Brent crude oil price forecasts for 2025-2026 at $68 and $62 per barrel, considering the steady global transition to renewable energy and the gradual easing of OPEC's voluntary production cuts [1] Group 1: Price Forecasts - The predicted average Brent crude oil prices for Q4 2025 and Q2 2026 are $63, $61, and $60 per barrel respectively, influenced by seasonal demand factors in the Northern Hemisphere [1] - Long-term support for a Brent oil price center around $60 per barrel is expected, driven by increased supply from South America and the acceleration of global energy transition [1] Group 2: Market Dynamics - OPEC+ is anticipated to sacrifice short-term prices to regain market share, which may lead to a new round of collaborative agreements to rebalance the market [1] - The influence of North American shale oil costs and the enhanced bargaining power of South American suppliers are critical factors in the oil market outlook [1] Group 3: Investment Opportunities - High-dividend energy oligopolies with the ability to increase production and reduce costs, along with growth in natural gas operations, may present attractive investment opportunities [1]