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Oil prices could rebound slightly this year, Deloitte forecasts, but risks loom

Faster-than-expected increased production by OPEC+ could affect prices, say experts

CBC NewsKarina Zapata

After several months of volatility in the market, a new forecast is predicting slightly stronger oil prices for the rest of 2025 — but some experts warn there are many factors that could change that outlook.

Deloitte Canada released its quarterly energy, oil and gas price forecast on Monday. Andrew Botterill, an energy partner with Deloitte who's based in Calgary, said the forecasts aim to help the sector better understand challenges and opportunities that may lie ahead.

"Obviously, we have some …

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Read the full story on the CBC website

Oil prices could rebound slightly this year, Deloitte forecasts, but risks loom

SOURCE www.cbc.ca

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CBC NewsKarina Zapata, Posted: Jul 07, 2025 7:00 AM EDT | Last Updated: 10 minutes ago
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