China and U.S. Shape 2025 Oil Predictions [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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feedstocks, while the US is expected to continue to threaten OPEC's market share. However, US production growth may be limited by higher production costs and lower oil prices. OPEC may unwind its production cuts, potentially leading to a price slump, with some predicting prices could fall to $40 per barrel. Forecasts vary, but most agree that supply growth will exceed demand, with China's slowdown in demand growth and non-OPEC producers driving the surplus. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Doubts about oil demand growth will persist beyond 2024, and fears of a price slump will be there to keep them company. That's according to some recent predictions about the state of the oil market in 2025, which see demand growing, China directing the market, and OPEC still like
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XOM
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- 11/1/24 - Beat
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Sec Filings
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- 12/16/24 - Form 4
- 12/2/24 - Form 4
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