• Jan 14, 2025

EIA expects oil prices to be under pressure from oversupply in 2025, 2026

NEW YORK (Reuters) -Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 in the biggest energy-consuming countries: the U.S. and China. The EIA said it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026.

  • Jan 14, 2025

Mastercard Is Fairly Valued And Lacks An Identifiable Catalyst; Analyst Downgrades Stock

Seaport analyst Jeff Cantwell downgraded Mastercard Incorporated (NYSE:MA) to Neutral from Buy rating, with a price target of $521. The analyst writes that he continues to like Mastercard’s story but views the shares as fairly valued at this point. Revenue upside in 2025 appears more limited due to its higher international exposure compared to Visa, and Mastercard lacks an identifiable catalyst, adds the analyst. Last year, the analyst favored Mastercard over Visa. However, this year, the analys

  • Jan 14, 2025

Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says

(Bloomberg) -- Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of forecasts for next year. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesWorld oil markets are expected to average a surplus of 800,000 barrels a day in 2026, the Energy Inform