16:47 - 12.06.2025
June 12, Fineko/abc.az. Fitch Ratings has changed its forecast for the global oil and gas sector from "neutral" to "deteriorating".
ABC.AZ informs that this is stated in Agency's press release.
The reason was slowdown in oil demand growth due to weak economic prospects and U.S.’ new tariffs, as well as accelerated increase in OPEC+ production. The forecast for Brent price for 2025 has been reduced from $70 to $65 per barrel. Demand is expected to grow by only 800,000 b/d, and the market remains oversaturated.
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