2025 oil price forecast the latest 2025 oil price forecast from

The latest 2025 oil price forecast from industry research desks puts Brent futures averaging $82/bbl, driven by OPEC+ supply discipline and steady Asia-Pacific demand recovery. This has implications for energy ETFs, as portfolio managers eye overweight positioning in oil-linked assets. The Imperial Oil news follows another report about cost-cutting in the oil industry, this time from TotalEnergies. The French supermajor is planning cost cuts of a total $7.5 billion by 2030, the Financial Times reported this week, in response to lower international oil prices. The average break-even price for large oil producers in the U.S. is $61, according to the Federal Reserve Bank of Dallas. Smaller producers come in with a break-even of $66. There is variability between firms; some can drill wells profitably with oil at $45. Oil producers have already told us what they would do if these prices occurred in a recent energy survey put out by the Dallas Fed. The second quarter 2025 survey yielded responses from 85 different oil and gas executives. The results indicate there could be more job losses ahead. Sector rotation models flag that a stable 2025 oil price forecast near $85 could support a cyclical rally in energy sector indices, boosting oilfield services names in particular.