凯投宏观：预测布伦特原油将跌向50美元 全球供应过剩率达3%

Group 1 - The core viewpoint is that global oil market oversupply and high production costs of Venezuelan heavy oil may weaken the economic feasibility of large-scale investments in new oil wells [1] - The forecast indicates that global oil production will exceed demand by approximately 3% this year, with Brent crude oil prices expected to approach $50 per barrel by the end of the year [1] - The anticipated decline in U.S. domestic oil production by 2027 due to falling oil prices suggests a challenging environment for large-scale investments in high-cost new oil wells in Venezuela [1]