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2026-06-30 10:24:56 M Stanley lowered its oil price forecasts for the second time in two weeks, with the latest forecast for Brent crude oil prices in 3Q25 and 4Q25 reduced to USD75 per barrel, down USD15 and USD5 respectively from previous estimates. At the same time, it also lowered its forecasts for all four quarters next year, expecting prices to fall to USD70 per barrel by the end of next year. M Stanley said the latest downgrade reflects a faster-than-expected recovery in oil flows through the Strait of Hormuz, strong US supply, and weak demand in China, all of which have heightened the risk of an oil oversupply. M Stanley said that 35 oil and gas tankers departed the Persian Gulf via the Strait of Hormuz last Thursday (25th), marking the first time since the outbreak of the conflict in February that the number of tankers has returned to the normal pre-conflict level of 30 to 40 vessels per day. To balance the oil market next year, oil flows through the Strait of Hormuz only need to recover to around 65% of pre-conflict levels, or about 11 million to 12 million barrels per day.(mn/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |