KPMG's Anish De: Crude oil prices to stay stable in 2025

Globalcrude oilprices are expected to remain very stable in 2025, according to Anish De, Global Sector Head, Energy, Natural Resources and Chemicals at multinational professional services firm KPMG International, who sees no reason for the oil to drop off or spike up suddenly my suspicion is that it is going to stay very stable because we saw a lot of disturbances in 2025, butcrude oil has remained in a very narrow band.

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So I canst see a reason forcrude oil to suddenly drop off or spike up," De told, on the sidelines of the Global Energy Conclave - #ENRich2025 organised by KPMG India. The conclave is now in its 16th edition. De noted that issues in the Middle East, including tensions around Iran and Gaza, as well as the ongoing war in Ukraine, have already been absorbed by markets. As a result, they are no longer causing significant volatility in crude pricing.»So in the Middle East, despite all the challenges around Iran and Gaza...crude price has been stable. So I dont see anything exceptional on the horizon which can cause the crude price to go up. Broadly, even on Ukraine, I think these are conflicts which have been on for many years now. So they have been kind of normalized in the prices,» he added. Asked about India's plan to roll out a support package fo