Crude Oil Market Supply-Demand Analysis: Impact of OPEC+ Output Cuts
OPEC+ extended its output-cut agreement through the end of 2025, keeping international oil prices above $80. Analysts expect a supply gap may emerge in the second half.
Crude Oil Supply-Demand Landscape
OPEC+'s ongoing output cuts have had a profound impact on the crude oil supply-demand balance. Brent crude has stayed above $80/bbl on cut support.
Global recovery is uneven, leaving demand uncertain. Growth in crude demand from China and India is a key market focus.
Price Outlook
Analysts believe oil prices will remain range-bound with a bullish bias in the short term, supported by OPEC+ cuts and geopolitical risks.
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