CALGARY, Alberta (Mar. 5, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has downgraded its Brent price forecast due to recent events including OPEC+ production cuts and President Trump’s tariffs.
The organization is now downgrading its Brent price forecast to $70/bbl for 2025 and $65/bbl for 2026 because of OPEC’s decision to unwind cuts and economic headwinds caused by the implementation of President Trump’s tariffs and subsequent retaliatory measures.
“The unwinding of OPEC cuts was a counter-consensus decision, especially with Brent trading in the low $70s. This is an indication to EIR that OPEC+ is willing to risk lower pricing levels to recapture market share,” said Al Salazar, director at EIR.
“There are no more delays or speculation. Trump’s tariffs have been implemented, and the retaliation has begun. Should tariffs stick, global economic growth in 2025 will be lower than 2024 and oil demand will suffer,” Salazar said.
About Enverus Intelligence® Research
Enverus Intelligence® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.
