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Oil Prices Stabilize Amid Assessment of Tariff Impact on Global Demand
Oil prices remained stable on Monday, April 14, 2025, as investors evaluated the impact of new U.S. tariffs on global demand. This comes amid ongoing geopolitical tensions and expectations of a slowdown in global economic growth, contributing to market caution.
Key Influencing Factors:
U.S. Tariffs: The United States imposed new tariffs on energy imports, raising concerns about a potential decrease in global oil demand.
OPEC+ Production Increase: OPEC+ announced a modest production increase starting in April 2025, which could affect the supply-demand balance in the market.
Geopolitical Tensions: Ongoing tensions in regions such as the Middle East and Eastern Europe continue to influence price expectations.
Current Prices:
Brent Crude: $64.76 per barrel.
West Texas Intermediate (WTI): $61.37 per barrel.
Future Outlook:
OPEC forecasts a decrease in global oil demand growth to 1.3 million barrels per day in 2025, down by 150,000 barrels from previous estimates, due to the impact of tariffs and economic slowdown.
