BRIEF-BofA Sees Brent at $75 in 2025, $73 in 2026
ReutersFeb 24, 2025 9:13 AM
Feb 24 (Reuters) - Bank of America (BofA):
SAYS WITH OIL MARKETS SET TO REMAIN IN A MODEST SURPLUS IN THE NEAR TERM, IT SEES BRENT AT $75 AND $73 IN 2025 & 2026, RESPECTIVELY
SAYS OVER MEDIUM TERM, BRENT PRICES SHOULD AVERAGE BETWEEN $60 AND $80/BBL TO KEEP THE GLOBAL OIL MARKET IN BALANCE
SAYS DEMAND FOR OIL SHOULD EMBARK ON SLOWER GROWTH PATH AS EV'S IMPACT TRANSPORT FUEL USE, AVERAGING ROUGHLY 106MN B/D OVER 2025-30 IN OUR PROJECTIONS
SAYS AGAINST A PROJECTED SLOWDOWN IN GLOBAL OIL DEMAND GROWTH, ANNUAL NON-OPEC SUPPLY SHOULD GROW BY AN AVERAGE OF 700K B/D IN 2025-30, CONSISTENT WITH OUR EXPECTATION OF 700K B/D FOR 2024-29 LAST YEAR
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Google Cloud Revenue Surges 48% in Q4 as CapEx Guidance Nearly Doubles: Why the 7.5% After-Hours Dip?
TradingKey - After the close on February 4 (ET), Google (GOOG, GOOGL) released stellar Q4 results: total revenue grew 18% year-over-year, hitting a new quarterly record after revenue first surpassed $100 billion in Q3. The primary highlight was Google Cloud, where Q4 revenue surged 48% year-over-yeaTradingKey
Thu, Feb 5
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
