Noel John

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Softer demand outlook to weigh on oil, OPEC+ walks a tightrope

3 weeks ago | in.marketscreener.com | Sherin Varghese |Noel John

(Reuters) - Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+ pushes forward with plans to increase output, a Reuters poll showed. A survey of 49 economists and analysts in March forecasts Brent crude will average $72.94 per barrel in 2025, down from February's estimate of $74.63. U.S. crude is expected to average $69.16 per barrel, slightly lower than last month's $70.66 outlook.

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