The crude reached its highest level in three weeks after the signs that the US could harden the sanctions against Russia. The expectation of restrictions on Russian oil, added to the seasonal increase in demand and strong imports from China, promoted prices in international markets.
He oil price The week began with a strong rise, reaching its highest level in three weeks, promoted by the possibility that the United States government announce new sanctions against Russia. Geopolitical tension increased after the president Donald Trump anticipates an “important statement” addressed to Moscowwhich lit alarms in energy markets.
He Brent barrelreference in Europe, go up 0.28%up to US $ 70.56 while the West Texas Intermediate (WTI)American reference, advances 0.20% au $ S68.56.
“There is the possibility that Trump announce additional sanctions against Russia. This could dramatically change the prospects of oil if the measures point to the Russian energy sector,” they warned from ING ECONOMICS.
The analysis is shared by Dat Tongsenior strategist of Exnesswho pointed out that “the operators will be attentive to any new announcement, especially from the US, since it could have immediate effects on the global oil offer.” In this sense, an interruption in Russian oil exports would have a direct impact on international prices.
Sustained demand in summer and strong Chinese activity
In addition to the geopolitical front, the market finds support in a solid seasonal demand During the summer in the northern hemisphere, driven by the highest consumption of fuels for transport and generation of energy.
A key fact is that China oil imports They reached in June their highest daily level since August 2023, which reinforces the upward pressure on short -term prices.
However, medium -term perspectives show mixed signs. In your latest monthly report, the INTERNATIONAL ENERGY AGENCY (AIE) reduced its growth forecast for global oil demand by 2025 to 700,000 barrels per daythe lowest figure – without counting the years of pandemia – since 2009. The cut is greatly explained by the deceleration in emerging economies.
Petroleum-Born.jpg
Istock
By 2026, the IEA projects a demand for demand for 720,000 barrels per daywhile estimating an increase in the global offer of 2.1 million barrels daily in 2025 and others 1.3 million in 2026due to the return of production by the countries of the OPEC+.
To all this, a growing uncertainty persists for the course of US trade negotiations with its strategic partnersespecially with China and the European Union. The possibility of new tariffs or restrictions generates concern about the impact they could have on global trade, economic growth and, consequently, on energy demand.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
