Oil prices in 2025 fell to their lowest since 2020, - U.S. Department of Energy

- On January 5, the U.S. Energy Information Administration reported that the average price of Brent crude oil in 2025 fell to its lowest level since 2020.

Throughout the year, the price of one barrel averaged $69, which, even when accounting for inflation, is a record low since 2020.

The American agency explained the price decline by the oversupply exceeding demand, which was 108.0 million barrels per day compared to 104.7 million barrels per day in the fourth quarter.

However, the accumulation of oil reserves in China helped mitigate the price drop, becoming an additional source of demand and facilitating the withdrawal of barrels from the global market.