BAKU, Azerbaijan, October 12. The world analytical structure “S&P Global Commodity Insights” expects that the price of the reference oil brand Brent in the fourth quarter of 2024 will average $76 per barrel, and in 2025 - $75 per barrel, Trend reports via S&P Global Commodity Insights.
Following the results of September, the price for Brent stood at about $70 per barrel.
The material “S&P Global Commodity Insights” also noted that the next meeting of the Joint Ministerial Monitoring Committee (oversees the OPEC+ agreement), as well as a full-scale ministerial meeting of OPEC+ is scheduled for December 1 in Vienna.
“The group may call extraordinary meetings if it believes that market conditions warrant discussion of policy changes,” S&P Global Commodity Insights reminds.
S&P Global Commodity Insights is a go-to source for energy and commodities information, serving up benchmark price assessments in the bustling world of physical commodity markets. The business got its start back in 1909 when Warren C. Platt laid the groundwork with the launch of the magazine National Petroleum News. S&P Global Commodity Insights is hailed as a heavyweight in the ring of price reporting agencies for the oil market.