JPMorgan Predicts Brent Crude Could Crash to $30 by 2027 on Surging Supply
Brent crude prices may fall drastically to $30 per barrel by March 2027 due to a growing global supply glut, according to JPMorgan. Despite steady demand rising to 105 million barrels per day by 2025, supply-especially from non-OPEC+ nations-is expected to grow nearly three times faster. This oversupply may push prices to $50 by year-end and average $42 in 2027. While import-heavy countries like India may benefit, consumers are unlikely to see price cuts.
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