Jarden increased its Brent crude oil forecast from $65 per barrel of oil to $70 per barrel from the second half of the year, against the backdrop of growing oil demand and a weak US dollar, the firm said in a note on Monday.

Following a period characterized by oil price volatility due to uncertainty in US tariffs, the rapid increase in production by OPEC, and conflict in the Middle East, it reported forecasts for major energy firms in its preview of the June energy quarterlies.

In the upcoming June quarterly reports, the firm said it is looking for production of 50.7 million barrels of oil-equivalent (mmboe) from Woodside Energy Group (ASX:WDS), up 3% from the prior quarter, with forecast sales revenue of $3.16 billion. It also forecast production of 21.8 mmboe from Santos (ASX:STO), almost flat from the prior period, production of 2.9 mmboe from Karoon Energy (ASX:KAR), jumping 24% higher from the previous quarter, due to a full quarter's production contribution in Brazil, as well as record production of 1.13 mmboe for Amplitude Energy (ASX:AEL) after a strong quarterly performance at the Orbost gas processing plant.

It also forecast 4.8 mmboe production for Beach Energy (ASX:BPT), down 1% compared to the prior quarter as lower output from the Cooper basin offset higher customer nominations from the Otway gas plant. It expects APLNG LNG production of 36.3 petajoules and domestic gas sales of 9.3 petajoules for Origin Energy (ASX:ORG), generating forecast sales revenue of AU$620 million, down 7% from the prior period.

Jarden rated Woodside Energy Group as "overweight" and set a price target of AU$25.50, Santos as "overweight" with a price target of AU$8.40, Origin Energy as "underweight" with a price target of AU$10.95, Beach Energy as "underweight" with a price target of AU$1.22, Karoon Energy as "overweight" and set a price target of AU$2.10, and Amplitude Energy as "buy" and set a price target of AU$0.27.