Barclays has revised its Brent oil price forecast downward, projecting $66/bbl for 2025 and $60/bbl for 2026. This adjustment is primarily attributed to OPEC+’s decision to accelerate oil production hikes, despite tariff-related pressures. The group’s accelerated unwinding of output cuts, influenced by Saudi Arabia, and slightly slower U.S. oil output growth contribute to the revised outlook.