Fitch Solutions Country Risk & Industry Research has released its latest oil price forecasts to 2025. Fitch Solutions Country Risk & Industry Research has released its latest oil price forecasts to 2025. In a report sent to Rigzone on Monday, the company projected that Brent crude prices will average $70 per barrel in 2021, $67 per barrel in 2022, $68 per barrel in 2023, $70 per barrel in 2024 and $73 per barrel in 2025. The Bloomberg Consensus, which was highlighted in the report and which Fitch Solutions is a contributor to, forecasts that Brent crude prices will average $69 per barrel this year, $66.5 per barrel next year, $66 per barrel in 2023, $70 per barrel in 2024 and $65.7 per barrel in 2025. “This month, we are holding to our view for Brent prices to average $70 per barrel in 2021 and $67 per barrel in 2022,” […]