The Zhitong Finance App learned that CITIC Securities released a research report saying that it is expected that the global crude oil supply and demand structure will gradually shift from a tight balance in 2024 to a loose balance in 2025. Before the overseas economy bottoms out and rebounds, commodity attributes will slightly suppress the trend of oil prices, and the overall market may still be volatile and weak. OPEC+ is likely to slowly enter the production increase cycle in 2025. It is difficult to further increase US shale oil production. The output may be 13.5-14mb/d. Furthermore, the conflict between Iran and Israel is not over yet. The impact on oil prices is expected to be mainly a pulse-rise. The Iranian crude oil embargo will basically not affect the trend of oil prices. Judging from the analysis of comprehensive commodity and financial attributes, the international oil price center may still fluctuate around 75 US dollars/barrel from the fourth quarter to the end of the year.

The Zhitong Finance App learned that CITIC Securities released a research report saying that it is expected that the global crude oil supply and demand structure will gradually shift from a tight balance in 2024 to a loose balance in 2025. Before the overseas economy bottoms out and rebounds, commodity attributes will slightly suppress the trend of oil prices, and the overall market may still be volatile and weak. OPEC+ is likely to slowly enter the production increase cycle in 2025. It is difficult to further increase US shale oil production. The output may be 13.5-14mb/d. Furthermore, the conflict between Iran and Israel is not over yet. The impact on oil prices is expected to be mainly a pulse-rise. The Iranian crude oil embargo will basically not affect the trend of oil prices. Judging from the analysis of comprehensive commodity and financial attributes, the international oil price center may still fluctuate around 75 US dollars/barrel from the fourth quarter to the end of the year.