- 2024 world oil demand progress forecast unchanged at 2.25 mil bpd
- 2025 world oil demand progress forecast seen at 1.85 mil bpd
- December oil value drop primarily pushed by promoting stress from speculators
The bloc says that it introduced ahead the 2025 demand forecast publication as a way to “support understanding of market dynamics and to provide long-term guidance”. In different phrases, they’re hoping that their phrases will result in calmer waters within the oil market. Effectively, the close to 2% drop as we speak is actually not one thing that they’d be pleased with I might say.
This text was written by Justin Low at www.forexlive.com.
