March 18, 2025 12:51 GMT
OIL: HSBC Calls for a Small Oil Surplus in 2025
OIL
“HSBC GLOBAL RESEARCH: "OIL MARKET SHOULD BE IN A SMALL (0.2MBD) SURPLUS IN 2025, VS OUR PREVIOUS FORECAST OF A BALANCED MARKET"
- HSBC GLOBAL RESEARCH: IN 2026, EXPECT OIL MARKET SURPLUS TO GROW TO OVER 1MBD IF OPEC+ CONTINUES TO INCREASE PRODUCTION AS PLANNED
- HSBC GLOBAL RESEARCH: 2025 BRENT FORECAST REMAINS $73/B, WITH RISKS SKEWED TO DOWNSIDE; 2026 ASSUMPTION UNCHANGED AT $70/B
- HSBC: IF BRENT SLIDES TO MID-$60S/B, WOULD NOT RULE OUT OPEC+ PAUSING UNWINDING OF ITS OUTPUT CUTS” - rtrs
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