HSBC Forecasts Surplus Oil in 2025, 2026 on Strong Supply, Sluggish Demand Growth

March 18 (Reuters) – HSBC expects the oil market to be in a surplus in 2025 and 2026 due to strong supply and sluggish demand growth, the bank said in a note on Tuesday. The bank said that it expects a surplus of 200,000 barrels per day this year, revising its a previous forecast of … Read more