Don't Be Fooled by Oil's Strong Start to 2025
Crude’s advance at the beginning of the year won’t last if producers’ track record is any guide.
Oil storage tanks in Richmond, California.
Photographer: David Paul Morris/Bloomberg
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Welcome to our guide to the energy and commodities markets powering the global economy. Today, oil strategist Julian Lee looks at the challenges facing OPEC+ plans to raise output this year.
The oil market may not be as oversupplied this year as some forecasters have been suggesting. That doesn’t mean it will be much easier for OPEC+ producers to add back supply.