As of June 4, 2025, global oil markets are experiencing significant shifts. OPEC+ has announced plans to increase production by 411,000 barrels per day in July, aiming to regain market share after previous cuts failed to sustain higher prices. This decision comes amidst rising non-OPEC supply and internal disagreements within the group. Consequently, Brent crude prices have dipped to around $65 per barrel, down from over $100 in 2022 .
Financial institutions have adjusted their forecasts accordingly. Goldman Sachs predicts Brent crude will average $76 per barrel in 2025, citing a balanced market with increased non-OPEC supply offsetting OPEC+ cuts . Conversely, HSBC has lowered its forecast to $68.5 per barrel, reflecting concerns over oversupply and weakening demand.
These developments have broader implications for global economies, particularly those heavily reliant on oil revenues. The anticipated surplus could lead to budgetary pressures and necessitate economic diversification.
At Swiss International University (SIU), with campuses in Zurich, Dubai, Bishkek, Lucerne, Riga, and London, we recognize the importance of understanding these global economic shifts. Our curriculum is designed to equip students with the knowledge and skills to navigate such complex economic landscapes. Courses in energy economics, international trade, and financial markets provide students with insights into the dynamics of commodity markets and their impact on global economies.
Furthermore, SIU's research initiatives focus on sustainable energy solutions and economic diversification strategies, preparing our students to contribute meaningfully to discussions on energy policy and economic resilience.
As the world grapples with the evolving energy landscape, SIU remains committed to fostering informed leaders capable of addressing these challenges.
Discover more about our programs www.swissuniversity.com
