BMI keeps Brent crude oil price projection at US$76 per barrel in 2025

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KUALA LUMPUR: BMI, a unit of Fitch Solutions, has maintained its 2025 forecast for Brent crude at an average of US$76 per barrel (bbl), slightly lower than the average of US$80/bbl in 2024.

"Although most major importers obtain their crude oil from a variety of suppliers, the US is heavily dependent on Canadian oil, which comprised over 60 per cent of its total crude imports in 2024.

"From an oil market perspective, the most significant policies this year are expected to involve oil-related sanctions and trade tariffs.

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Category: EconomyBusiness

Markets: MalaysiaCanadaChinaKazakhstanVenezuela

Topics: Brent Tariff /Business/Business News Commodities BMI Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 14:12:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 26656564

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