Crude Oil Demand Set to Stabilize, But Supply Constraints Persist, Says ANZ Research

MT Newswires Live08:46

Global crude oil demand is expected to stabilize and grow by 1.3 million barrels per day (mb/d) in 2025, driven by recovery in Asia and steady demand from developed economies, ANZ Research said in a Thursday note.

The firm expects the Organization of the Petroleum Exporting Countries (OPEC) to delay production increases to allow the group to review the impact of US trade and foreign policies.

Meanwhile, non-OPEC oil production continues to disappoint, with growth forecasts steadily falling over the course of 2024 due to Brazil's underperformance, outages in the Gulf of Mexico and Nigeria, and reduced expectations for Venezuela's output.

Despite promises by US President-elect Donald Trump to ease regulations and expand access to federal lands, financial constraints are likely to limit the impact on US oil production, the firm said.

Trump's plans to reintroduce "maximum pressure" policies on Iran and Venezuela could further curtail their crude and condensate exports by mid-2025, ANZ Research added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486380982?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-28 08:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486380982","market":"hk","top_or_hot":-1,"title":"Crude Oil Demand Set to Stabilize, But Supply Constraints Persist, Says ANZ Research","media":"MT Newswires Live","content":"<html><body><p> Global crude oil demand is expected to stabilize and grow by 1.3 million barrels per day (mb/d) in 2025, driven by recovery in Asia and steady demand from developed economies, ANZ Research said in a Thursday note.</p><p>The firm expects the Organization of the Petroleum Exporting Countries (OPEC) to delay production increases to allow the group to review the impact of US trade and foreign policies.</p><p>Meanwhile, non-OPEC oil production continues to disappoint, with growth forecasts steadily falling over the course of 2024 due to Brazil's underperformance, outages in the Gulf of Mexico and Nigeria, and reduced expectations for Venezuela's output.</p><p>Despite promises by US President-elect Donald Trump to ease regulations and expand access to federal lands, financial constraints are likely to limit the impact on US oil production, the firm said.</p><p>Trump's plans to reintroduce \"maximum pressure\" policies on Iran and Venezuela could further curtail their crude and condensate exports by mid-2025, ANZ Research added.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crude Oil Demand Set to Stabilize, But Supply Constraints Persist, Says ANZ Research</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrude Oil Demand Set to Stabilize, But Supply Constraints Persist, Says ANZ Research\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-28 08:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global crude oil demand is expected to stabilize and grow by 1.3 million barrels per day (mb/d) in 2025, driven by recovery in Asia and steady demand from developed economies, ANZ Research said in a ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_QM","symbol_name":"小原油","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2486380982","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486380982","pubTimestamp":1732754774,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Global crude oil demand is expected to stabilize and grow by 1.3 million barrels per day  in 2025, driven by recovery in Asia and steady demand from developed economies, ANZ Research said in a Thursday note.The firm expects the Organization of the Petroleum Exporting Countries  to delay production increases to allow the group to review the impact of US trade and foreign policies.Meanwhile, non-OPEC oil production continues to disappoint, with growth forecasts steadily falling over the course of 2024 due to Brazil's underperformance, outages in the Gulf of Mexico and Nigeria, and reduced expectations for Venezuela's output.Despite promises by US President-elect Donald Trump to ease regulations and expand access to federal lands, financial constraints are likely to limit the impact on US oil production, the firm said.Trump's plans to reintroduce \"maximum pressure\" policies on Iran and Venezuela could further curtail their crude and condensate exports by mid-2025, ANZ Research added.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DWT":"三倍做空原油ETN","UCO":"二倍做多彭博原油ETF","BK4570":"地缘局势概念股","SCO":"二倍做空彭博原油指数ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念","DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","USO":"美国原油ETF"},"translate_title":"澳新银行研究称原油需求将企稳，但供应限制持续存在","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLmain":0.68,"DDG":0.6,"DUG":0.6,"DWT":0.6,"BZmain":0.6,"QMmain":0.6,"SCO":0.6,"UCO":0.6,"USO":0.6},"content_text":"Global crude oil demand is expected to stabilize and grow by 1.3 million barrels per day (mb/d) in 2025, driven by recovery in Asia and steady demand from developed economies, ANZ Research said in a Thursday note.The firm expects the Organization of the Petroleum Exporting Countries (OPEC) to delay production increases to allow the group to review the impact of US trade and foreign policies.Meanwhile, non-OPEC oil production continues to disappoint, with growth forecasts steadily falling over the course of 2024 due to Brazil's underperformance, outages in the Gulf of Mexico and Nigeria, and reduced expectations for Venezuela's output.Despite promises by US President-elect Donald Trump to ease regulations and expand access to federal lands, financial constraints are likely to limit the impact on US oil production, the firm said.Trump's plans to reintroduce \"maximum pressure\" policies on Iran and Venezuela could further curtail their crude and condensate exports by mid-2025, ANZ Research added.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486380982"}