Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say

Market watchers are predicting a bearish outlook for crude oil prices, with fears of a drastic fall if OPEC+ unwinds its existing output cuts. Tom Kloza, global head of energy analysis at OPIS, warns that oil prices could plummet to $30 or $40 a barrel without a real agreement to curb production, potentially erasing around 40% of current prices. Currently, global benchmark Brent is trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.

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