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Citigroup: Sanctions, tight supplies and U.S. policy to drive oil prices higher

January 22, 2025

(Oil Price) – Analysts at Wall Street bank Citigroup have predicted that oil prices will remain elevated in 2025 thanks to U.S. sanctions on oil exports, logistical challenges and strategic policy decisions by major producers and governments. Citigroup notes that Over 180 vessels, integral to transporting Russian crude, are now restricted. Two weks ago, the Biden administration issued sanctions against Russian crude, and

This is about as bearish as oil has been since the 2008 financial crisis

October 17, 2024

(Oil Price) – Oil prices are little changed in Wednesday’s intraday sessions after they tumbled more than 4% on Tuesday to a near two-week low on easing Iranian supply disruption fears. According to a report by the Washington Post, Israeli Prime Minister Netanyahu told the Biden administration that Israel is willing to strike Iran’s military infrastructure rather than oil or nuclear facilities,

Citigroup: Sanctions, tight supplies and U.S. policy to drive oil prices higher

This is about as bearish as oil has been since the 2008 financial crisis

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