The crude oil market is expected to be oversupplied in 2025, with Goldman Sachs and Morgan Stanley making overnight adjustments to their forecasts.

Goldman Sachs has lowered its Brent Crude Oil Product price forecasts for this year and next by 2 to 3 dollars per barrel. Morgan Stanley has reduced its quarterly price forecast for this year by 5 dollars and expects that the surplus in Crude Oil Product supply will worsen, with a daily surplus of 1.1 million barrels anticipated in the second half of this year.

wallstreetcnMay 5 20:56

TotalEnergies SE: Disclosure of Transactions in Own Shares

Yahoo Finance45minutes ago

TotalEnergies Seeks Permit for $16 Billion Green Hydrogen Project in Chile

Yahoo Finance01:11

TotalEnergies Launches Le Havre Sud Heating Network Extension Project in France

MT NewswiresMay 5 23:36

OPEC+ dropped a "bombshell"! Agreed to continue accelerating production increase in June, and Crude Oil Product futures fell sharply in early trading!

① OPEC+ member countries agreed on Saturday local time to increase oil supply by 0.411 million barrels per day in June, marking the second consecutive month of accelerating supply recovery following significant production increases in May; ② This decision aims to punish member countries that violate quotas and exceed production, such as Kazakhstan and Iraq, and caters to the wishes of US President Trump, who hopes to see lower oil prices.

cls.cnMay 5 07:33

A 16% drop in oil prices does not change the ambition to expand production! Occidental Petroleum giants firmly oppose OPEC+'s plan to increase production.

Despite the 16% drop in international oil prices in April and the possibility of OPEC+ further increasing production, major Western oil producers are still committed to their production growth plans.

Zhitong FinanceMay 3 09:21