Analysis: oil prices likely to remain under pressure as supply outpaces weakening demand

Core Viewpoint - The oversupply in the oil market is expected to lead to lower prices for the remainder of the year, with the Brent oil price likely to end 2025 with an annual decline if there is no increase in demand [1] Industry Summary - The oil market is currently experiencing an oversupply situation, which is anticipated to exert downward pressure on prices [1] - The forecast indicates that the Brent oil price may decline annually through 2025, contingent on demand levels remaining stable [1]