# Oil Market Likely to be in Surplus Next Year, Morgan Stanley Says - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Morgan Stanley expects the crude oil market to be tight through the third quarter of 2024 and then move into surplus in 2025. It forecasts Brent falling to the mid-to-high $70s next year as OPEC and non-OPEC supply grows by about 2.5 million bpd in 2025. The bank kept its Q3 2024 Brent forecast at $86 a barrel.

- Date: 2024-07-22 · published 2024-07-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29475-oil-market-likely-to-be-in-surplus-next-year-morgan-stanley-says-energy-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A projected 2025 supply surplus points to lower crude and diesel prices over the medium term, which would reduce feed transport and processing costs. The near-term tightness limits the immediate downside.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- energynow.com: https://energynow.com/2024/07/oil-market-likely-to-be-in-surplus-next-year-morgan-stanley-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.