Welligence Global Corporate | Oil market uncertainty – budgets and barrels at risk?
May 8, 2025
The oil sector once again finds itself in an uncertain market environment. At the time of publication of this report, Brent crude prices are hovering around the US$62/bbl mark, driven down by the double-whammy of Trump and OPEC returning crude to the market. Some commentators believe we are on our way to US$50/bbl.