Under the shadow of the trade war, OPEC significantly lowered its forecast for Crude Oil Product demand over the next two years.

OPEC has lowered its oil demand growth forecasts for 2025 and 2026 by more than 0.1 million barrels per day, with expected demand growth for both years at 1.3 million barrels per day. Previously, the US Energy Information Administration (EIA) significantly reduced its 2025 growth forecast by 30% to 0.9 million barrels per day, while Goldman Sachs expects consumer growth to be only 0.5 million barrels per day. The International Energy Agency (IEA) will release its crude oil monthly report on Tuesday.

wallstreetcnApr 14 22:06

Gonwal Group: The sharp drop in oil prices highlights the expectation of zero demand growth this year, but it may be an overreaction.

The research director of Gongwal Group stated that oil prices plummeted to below $60 per barrel last Monday, reflecting the market's expectation of zero growth in oil demand this year, but it is likely an overreaction by the market.

Zhitong FinanceApr 14 19:48

The trade war initiated by Trump is backfiring on the US Energy industry, leading the oil Industry to consider production cuts and layoffs.

Despite the USA President Trump shouting the energy slogan "Drill, baby, drill," the USA Shale Oil industry is facing the most severe crisis since the pandemic.

Zhitong FinanceApr 14 14:58

Goldman Sachs pours cold water again! Under the "double strangulation," will oil prices fall for an entire year?

As trade tensions escalate and the global economic growth outlook dims, along with OPEC+ potential production increases, Crude Oil Product bulls may be in for a tough time...

Golden10 DataApr 14 13:42

Goldman Sachs takes on the role of "the big short in crude oil": "oversupply" will persist in the long term, with Crude Oil projected to fall to 55 dollars in 2026.

Goldman Sachs has lowered its oil price forecast, emphasizing that the expectation of "supply surplus" will continue to pressure crude oil prices.

Zhitong FinanceApr 14 11:39

Oil Prices Likely Still Face Downside Risks -- Market Talk

WSJApr 14 11:35