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Brijesh Patel

Business Fuel News Oil Trade

Ample supply, slow demand to temper oil price gains in 2025

31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025.

By Anushree Mukherjee and Brijesh Patel2 Jan 2025Reuters

FILE PHOTO: Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Business Economy News Oil Trade

Ample supply, slow demand to temper oil price gains in 2025

Oil prices are expected to remain around $70 a barrel in 2025 due to weak demand from China and increasing global supplies.

By Anushree Mukherjee and Brijesh Patel31 Dec 2024Reuters

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo

News

Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll

A survey of 41 economists and analysts predicted that Brent crude would average $74.53 per barrel in 2025.

By Anmol Choubey and Brijesh Patel29 Nov 2024Reuters

El Nino waning, La Nina to develop in second half of 2024

(Reuters) -The La Nina weather pattern characterized by unusually cold temperatures in the Pacific Ocean could emerge in the second half of 2024,...

By Brijesh Patel, Anushree Mukherjee, Seher Dareen and Rajendra Jadhav8 Feb 2024Reuters