Could the price of black gold drop to 30 dollars? - Expert opinion

Recently, world markets have been experiencing sharp fluctuations in oil prices, however, forecasts regarding the future of black gold are ambiguous.

Analysts from the investment bank JP Morgan (USA) state that by 2027 the price of a barrel of Brent crude oil may drop to 30 dollars.

Commenting on the situation, economist Khalid Kerimli noted that there are various forecasts from investment banks and rating companies regarding oil prices.

"All these organizations agree that the average oil price in 2026 will be lower than in 2025. The figures may vary, but the key point is that each of them agrees that next year oil will be cheaper. And there are reasons and justifications for this," said the expert.

In turn, economist Eldeniz Amirov believes that, although the oil market is sensitive to psychological factors, in the coming years the geopolitical situation will play a decisive role in price formation.

More details - in the video material from Baku TV: