Wells Fargo: Oil Prices To Stay Depressed Through 2025 on Global Oversupply  ...Middle East

OILPRICE - Economy
Wells Fargo: Oil Prices To Stay Depressed Through 2025 on Global Oversupply 
Analysts at Wall Street bank Wells Fargo have predicted that oil prices will remain lower through 2025 due to the elevated risk of a global oversupply. According to the experts, a combination of persistent growth of U.S. shale production as well as slowing demand from key economies, especially China, are the key bearish drivers. Wells Fargo says the anticipated easing of OPEC+ production cuts by the end of 2024 further supports the likelihood of a supply surplus in 2025 despite current market tightness. Wells Fargo has predicted that global oil…

Hence then, the article about wells fargo oil prices to stay depressed through 2025 on global oversupply was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Wells Fargo: Oil Prices To Stay Depressed Through 2025 on Global Oversupply  )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy