Alexey Gromov, Chief Energy Director of the Energy and Finance Institute, evaluated the prospects for the development of the oil market in 2024-2025. As the expert noted, the situation will be affected both by the economic situation of the main consumers and by the emergence of new important producers. He talked about this in an interview with the agency. DEA News.
Gromov believes that from the second half of 2024, additional oil production will begin to be affected in some countries. Guyana and Brazil in particular are actively developing offshore fields where their exports can increase by 2025-2026.
In addition, according to the expert, Iran and Venezuela may return to the market if the sanctions restrictions against them are eased. This will also inevitably affect the state of the market.
Gromov also emphasized that OPEC+ will continue to play an important role as a market stabilizer. However, it is still difficult to predict the dynamics of oil prices in the context of global transformations.
At the end of this week, Russia will stretch Decline in oil supply in October.
It was previously known how long the oil would last to stay It is the main source of world energy.