(World Oil) – Oil prices will continue to fluctuate wildly until it’s clear whether Iran and President Donald Trump will strike an agreement to end the war, according to Citigroup Inc.’s global head of commodities research. “It’s very difficult to predict” if Iran is going to do a deal, Citigroup’s Max Layton said Thursday. “In that environment where you basically don’t
(By Oil & Gas 360) – The oil market is shifting quickly from cautious optimism to supply-driven urgency, as analysts raise price forecasts and physical buyers race to secure crude amid the ongoing conflict in the Middle East. Several banks have lifted their outlook for oil prices this year, citing a sharp increase in geopolitical risk tied to disruptions around
(BOE Report) – Oil prices could remain supported in the near term as U.S. President Donald Trump ramps up pressure for peace deals involving Russia and Iran, but a resolution later this year may ultimately push crude lower, Citi said on Monday. Brent crude has rallied from around $60 per barrel to near $70 in the past month, partly reflecting
(Oil Price) – Brent Crude prices have the potential to hit $70 per barrel over the next three months amid heightened geopolitical risks, according to analysts at Citi. The investment bank raised its 0-3 month outlook on Brent Crude prices to $70 per barrel from $65 a barrel previously, due to upside pressure from geopolitical risks. Early on Wednesday, Brent Crude traded 1%
(BOE Report)– Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China’s stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million barrels per day
(Investing)– Fears over possible supply constraints from the Israel-Iran conflict have driven oil prices higher in recent days, although past disruptions do not suggest that crude will stay elevated for a long time, according to analysts at Citigroup (NYSE:C). Brent crude futures slumped on Friday following the White House’s comments, although the contract is on course to rise for a third
(Investing) – Citi analysts said Wednesday that oil prices may continue to benefit from elevated geopolitical risk premiums in the near term, but they warned that oversupply risks in 2026 could limit further upside. In a new research note examining the offshore drilling sector, Citi outlines its base case assumptions and market outlook for dayrates and oil pricing fundamentals. “The Offshore
(Investing) – Citi Research on Monday lowered its 0-3 month Brent price forecast to $60 per barrel and also reduced its 0-3 month copper and aluminium price forecasts to $8,000 per metric ton and $2,200 per ton, respectively due to the latest tariff announcements. Last week, U.S. president Donald Trump imposed a 10% baseline tariff on all imports to the U.S. and higher duties on
(Oil Price) – By reversing and axing most climate policies of the Biden administration, U.S. President Donald Trump will not be able to reverse progress in the energy transition as there is still a “compelling case” in favor of clean energy solutions, according to Citigroup’s analysts. “Clean energy is cheaper, more widely available, and more efficient,” Citigroup ESG analysts wrote in
(Investing) – Oil prices surged on Friday and were on track for a third straight week of gains, prompting Citigroup (NYSE:C) to revise higher its average Brent prices for the first quarter of 2025. At 08:55 ET (13:55 GMT), the Brent contract rose 3.7% to $79.75 a barrel, on track for a third straight week of gains. The crude markets have rallied on potentially larger
Oil Price Wall Street analysts at Citi have predicted that a deficit in the oil markets driven by OPEC’s recent decision to delay tapering in oil production cuts as well as the ongoing suspension of Libyan oil exports will temporarily offer support for Brent prices in the $70-$75/barrel range in Q4 2024, as reported by Reuters. However, Citi has warned of “renewed price
Oil Price Just two weeks after lowering its Brent oil price estimate to $80 per barrel for the fourth quarter, Morgan Stanley cut again its forecast, now expecting the international benchmark to average $75 a barrel in the last quarter of the year. Analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting
