MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

MNI China Daily Summary: Thursday, January 2

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI: UK BOE NOV MORTGAGE APPROVALS 65,720

MNI: TURKEY DEC CPI +1.03% M/M

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Brent Price Forecast for 2025 Cut to $74.53/bbl: Reuters Poll

OIL
BulletEnergy BulletsCommodities

Brent oil price forecasts for 2025 have been lowered for an eight consecutive month to an average of $74.33/bbl due to weak Chinese demand and rising global supply despite OPEC+ efforts to stabilise the market, according to a Reuters poll.

  • A survey of 31 economists and analysts averaged below a consensus of $74.53/bbl from a poll last month.
  • The WTI poll average for 2025 was $70.86/bbl compared to $70.69/bbl projected last month.
  • Most respondents expect an oil market surplus in 2025 with oil demand growth expected between 0.4mbpd and 1.3mbpd.

 

Keep reading...Show less
89 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Brent oil price forecasts for 2025 have been lowered for an eight consecutive month to an average of $74.33/bbl due to weak Chinese demand and rising global supply despite OPEC+ efforts to stabilise the market, according to a Reuters poll.

  • A survey of 31 economists and analysts averaged below a consensus of $74.53/bbl from a poll last month.
  • The WTI poll average for 2025 was $70.86/bbl compared to $70.69/bbl projected last month.
  • Most respondents expect an oil market surplus in 2025 with oil demand growth expected between 0.4mbpd and 1.3mbpd.

 

Keep reading...Show less