New Survey Shows Grim Outlook For Oil Markets

A Reuters poll released Thursday paints a lackluster future for oil in 2025, with a cocktail of sluggish demand growth and supply glut concerns pulling prices down. Analysts now see Brent crude averaging $80.55 per barrel this year and $76.61 in 2025— a steady downgrade from earlier projections. The pessimistic shift stems from a trio of factors. China’s lukewarm demand, despite its role as the world’s top oil consumer, casts a long shadow. Meanwhile, oil supplies from key producers are poised to swell, especially with OPEC+ eyeing…