Citi Group's forecasts for crude oil prices by the end of 2025.

American group Citigroup expected - in a research note released last night - that the average price of Brent crude will range between $60 and $65 per barrel during the second half of 2025.

This reflects expectations of changes in the oil market due to more efficient supply routes alongside increased geopolitical stability in various regions around the world.

In this context, Citigroup clarified that resolving the conflict between Russia and Ukraine could significantly impact global oil markets, in addition to shorter oil tanker routes once a resolution to the conflict is reached, which will help ease market tightness.

This will enhance the flow of oil supplies, and improvements in supply chains and logistics may lead to a reduction in transportation costs and enhance the efficiency of crude oil transport.

Additionally, the American group believes that growth in crude oil supplies from outside the OPEC+ group is expected to outpace weak growth in global demand from the second quarter to the fourth quarter of 2025.

The expectation of a slowdown in crude oil demand is partly attributed to the ongoing effects of tariffs, which continue to suppress economic activity and energy consumption.