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MNI Commodity Weekly - 2025 Demand Outlook in Focus

MNI (LONDON) - Executive Summary:

  • 2025 Demand Outlook in Focus: After OPEC+ confirmed another delay to their output cut unwinding, attention turns to 2025’s demand outlook.
  • Oil Markets: Brent crude front month futures have risen from a low of $70.85/bbl but are holding in a wide range. Uncertainty remains over the supply/demand balance in 2025 following the latest OPEC+ supply hike delay. Diesel cracks regained some ground this week after late November and early December declines, although soft US demand still weighs.
  • Analyst Views: See oil market outlooks from the industry following the OPEC+ meeting last week.

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MNI (LONDON) - Executive Summary:

  • 2025 Demand Outlook in Focus: After OPEC+ confirmed another delay to their output cut unwinding, attention turns to 2025’s demand outlook.
  • Oil Markets: Brent crude front month futures have risen from a low of $70.85/bbl but are holding in a wide range. Uncertainty remains over the supply/demand balance in 2025 following the latest OPEC+ supply hike delay. Diesel cracks regained some ground this week after late November and early December declines, although soft US demand still weighs.
  • Analyst Views: See oil market outlooks from the industry following the OPEC+ meeting last week.

Full piece here:

Keep reading...Show less