Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ supply cuts in 2025 would "undoubtedly see a very steep slide in crude prices, possibly toward $40 a barrel," Henning Gloystein, head of energy, climate and resources at Eurasia Group, told CNBC.
Oil prices steadied on Tuesday, recovering from a 5% drop over the previous two sessions, as investors absorbed OPEC's latest ...
OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ...
Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...
Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...
The report touched on economic growth expected in a number of countries, including China, where the figure remains unchanged ...
The Organisation of Petroleum Exporting Countries (OPEC) yesterday lowered the demand forecast for crude oil amid tumbling prices as Nigeria pumped 1.4 million barrels of oil per day in October. The ...
OPEC and its allies, or OPEC+, are facing unfavourable backdrop for the plans to boost production as a potential crude ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback