Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

Citi raises 2025 oil price forecasts, citing heightened geopolitical risks

admin by admin
January 22, 2025
in Politics
0
Citi raises 2025 oil price forecasts, citing heightened geopolitical risks
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Citi has revised its oil price outlook for 2025, citing heightened geopolitical risks surrounding Russia and Iran.

The bank’s updated forecasts suggest increased volatility in the oil market, particularly during the first half of the year, while also acknowledging the potential for prices to ease later in the year.

This new analysis arrives as the market continues to grapple with the impact of US sanctions and shifting global policies.

Geopolitical tensions drive upward revision

“The oil outlook could see heightened, sustained geopolitical risks in Iran/Russia-Ukraine potentially wipe out the 2025 oil balance surplus, but the Trump administration appears intent on dealmaking,” Citi said in a recent note.

The bank now expects Brent crude to average $67 a barrel in 2025, an increase from its previous forecast of $62.

Citi also stated that it was raising its average WTI crude forecast to $63 per barrel.

These adjustments reflect a growing concern that geopolitical tensions will continue to drive prices in the coming year.

Quarterly forecasts reflect upward trend in prices

Citi has also revised its quarterly Brent forecasts, expecting prices to be at $75 per barrel in the first quarter, $68 per barrel in the second, $63 per barrel in the third, and $60 per barrel in the fourth.

The bank did not release its previous quarterly forecasts.

These projections point to a front-loaded risk premium that is expected to gradually subside as the year progresses.

Sanctions and Trump Administration Policies Add to Uncertainty

The recent sanctions imposed by the Biden administration on more than 100 tankers and two Russian oil producers, which led to a scramble by China and India for alternative fuel supplies, further underscore the instability within the oil market.

US President Donald Trump has also laid out a comprehensive plan to maximize domestic oil and gas production, including declaring a national energy emergency, rolling back environmental protections, and withdrawing the US from the Paris climate pact, all of which adds an extra layer of complexity and uncertainty to the market.

Trump’s actions key to future prices

Citi acknowledged that the timing and nature of President Trump’s actions regarding Iran and Russia could significantly influence oil market dynamics and pricing throughout 2025.

Despite these geopolitical risks and potential supply disruptions, Citi is currently forecasting a surplus of 0.8 million barrels per day for the year.

The post Citi raises 2025 oil price forecasts, citing heightened geopolitical risks appeared first on Invezz

Previous Post

Netflix blows past estimates: 18.9 million new subscribers, stock jumps 14%

Next Post

TRUMP meme coin sparks ethics firestorm as critics decry conflicts of interest

admin

admin

Next Post
TRUMP meme coin sparks ethics firestorm as critics decry conflicts of interest

TRUMP meme coin sparks ethics firestorm as critics decry conflicts of interest

Trending News

CartelFi in focus as Jordi Visser echoes bullish view on Bitcoin

CartelFi in focus as Jordi Visser echoes bullish view on Bitcoin

May 6, 2025
Affirm stock price analysis: to go beast mode as golden cross forms

Affirm stock price analysis: to go beast mode as golden cross forms

October 13, 2024
China retaliatory tariffs add to Intel woes; QCOM to also take a hit

China retaliatory tariffs add to Intel woes; QCOM to also take a hit

April 4, 2025
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.