BRIEF-ANZ Expects OPEC To Delay Production Hikes Planned For Early April Given Geopolitical Uncertainties
ReutersFeb 21, 2025 12:00 AM
Feb 20 (Reuters) - ANZ:
SAYS "GIVEN THE ECONOMIC AND GEOPOLITICAL UNCERTAINTIES AND ITS NEED TO SUPPORT OIL PRICES, WE EXPECT OPEC WILL DELAY THE PRODUCTION HIKES PLANNED FOR EARLY APRIL"
SAYS THEIR BASE CASE IS FOR CHINA’S OIL DEMAND GROWTH TO BE SLIGHTLY HIGHER IN 2025 AT 300KB/D, BUT RISKS APPEAR SKEWED TO DOWNSIDE
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