Where will oil prices be in 5 years?
The latest oil price forecast for 2025 suggests continued volatility, with Brent projected to average below $60/bbl in Q4 2025 and near $50/bbl in 2026 according to EIA models. Three critical factors dominate the crude oil price prediction landscape: OPEC+ production policy and the pace of unwinding cuts. Global oil prices: EIA expects the Brent crude oil price to decline from more than $70 per barrel in July to average about $58 per barrel in the fourth quarter of 2025. Crude oil averages just above $50 per barrel in 2026 in EIA’s forecast.
How many years of oil is left in America?
Oil Reserves: The U. S. Current Usage: Enough to last 227 years at the current rate of consumption. Gasoline Production: This could fuel the transportation sector for 539 years if solely used for gasoline based on 2023 usage levels. Venezuela*: 303.
Is oil expected to drop?
Global oil prices We expect growing inventories will lead to oil prices decreasing to an average of $59/b in the fourth quarter of 2025 (4Q25) and $49/b in March and April 2026. In conclusion, oil prices are falling today due to a combination of OPEC+ supply growth, rising U. S. Most forecasts foresee prices to dip below $60 in Q4 2025 and approach $50 in 2026, barring unexpected geopolitical shocks.