With this in mind, the analysts are forecasting oil prices to remain rangebound around the US$70 ($94.52) to US$75 per barrel mark in 2025 despite a strong start to the year. However, the analysts say they could see increased volatility under US President Donald Trump’s time in office, as well as geopolitical risks.
DBS Group Research analysts Suvro Sarkar, Ho Pei Hwa, Patricia Yeung, Duladeth Bik, William Simadiputra and Elizabelle Pang have named several regional names as the ones to watch in the oil and gas space
Amid concerns over energy security, the analysts believe oil and gas will remain relevant still. At present, oil prices are remaining “on edge” due to new sanctions on Russian exports and potentially stricter sanctions on Iranian exports. This is despite the concerns over demand and the potential restoration of supplies by the Organization of the Petroleum Exporting Countries (Opec). At the same time, natural gas is also still attractive as the transition fuel and demand for liquefied natural gas (LNG) is expected to increase as Europe continues to move away from Russian gas.
