Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

Capt. John

International crude oil prices fell around three per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s economy struggled, and the US and other producers pumped more crude into a well-supplied global market. Oil prices will likely be constrained...

https://www.hellenicshippingnews.com/brent-crude-outlook-bearish-on-oversupply-grim-oil-demand-2025-average-pegged-at-74-after-hitting-80-in-2024/

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