OIL MARKET STARTS STRONG IN 2025 WITH MIDDLE EAST DRIVERS

OIL MARKET STARTS STRONG IN 2025 WITH MIDDLE EAST DRIVERS
OIL MARKET STARTS STRONG IN 2025 WITH MIDDLE EAST DRIVERS

OIL MARKET STARTS STRONG IN 2025 WITH MIDDLE EAST DRIVERS

The oil market has had a solid start to the year, with ICE Brent trading above $76 per barrel.

Despite a comfortable oil balance for 2025, the market remains strong, driven by a stronger physical market in the Middle East.

The Brent/Dubai spread has recently traded into negative territory, indicating shifts in market dynamics.

Asian buyers have been seeking other Middle Eastern grades due to broader sanctions on Russia and Iran.

Concerns are rising over how hawkish Trump’s stance toward Iran may be, which could tighten the market further.

Stricter sanctions enforcement could lead OPEC+ to increase supply to balance the market.

Read more