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US may reduce oil production because of sluggish demand: S&P
The Business Guardian
|May 15, 2025
The United States may reduce its oil production, which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global Commodity Insights.
The report further added that slowing global oil demand, extreme uncertainty about the future of US trade and a coming supply surplus are expected to hobble US oil production growth.
The S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook adds that global oil (total liquids) demand is expected to average 750,000 barrels per day (b/d) in 2025, a downward revision of 500,000 b/d from the prior outlook.
Dit verhaal komt uit de May 15, 2025-editie van The Business Guardian.
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