No Data
No Data
Cinda Securities: The IEA has raised its expectations for Crude Oil Product demand growth in 2025.
According to the January 2025 report, the IEA, EIA, and OPEC predict that the change in Global Crude Oil Product inventories for 2025 will be +70.03, +0.2443, and -1.0782 million barrels per day, respectively, with OPEC having a more optimistic outlook on Global Crude Oil Product demand.
Uncertainty over USA tariffs has raised market concerns. Overnight international oil prices support Petroleum stocks. China National Petroleum (00857) rose by 1.32%.
Jinwu Financial News | Overnight international oil prices rose, supporting Petroleum stocks. YANCHANG PETRO (00346) increased by 3.7%, PetroChina (00857) increased by 1.32%, CNOOC (00883) increased by 1.19%, Sinopec (00386) rose nearly 1%. Uncertainty about USA tariffs has raised market concerns, and international oil prices have increased, with New York futures oil rising nearly 1.9%, reported at $72.32 per barrel. London Brent futures oil rose 1.6%, reported at $75.87 per barrel.
Oil Prices Go up After Trump Announces New Plans – ING
Crude Oil Prices Rise as Market Weighs Potential Impact of Additional U.S. Tariffs on Global Economy
Oil Rises as Traders Weigh U.S. Tariffs -- Market Talk
Oil Rises After Weekly Loss As Market Reacts To Trump's Tariffs