China and U.S. Shape 2025 Oil Predictions

Doubts about oil demand growth will persist beyond 2024, and fears of a price slump will be there to keep them company. That’s according to some recent predictions about the state of the oil market in 2025, which see demand growing, China directing the market, and OPEC still likely to unwind its production cuts. As early as November, some analysts warned that OPEC may decide it has had enough of losing market share and start bringing oil back whatever the price. This could bring the benchmarks down to $40 per barrel, Tom Kloza from OPIS told…