As of early February 2025, the global oil market trends February 2025 is navigating a complex landscape shaped by recent geopolitical events, production strategies of key players, and evolving demand patterns. These factors collectively influence current price levels and future projections.

Impact of Recent Tariffs
To Reuters, on February 2, 2025, President Donald Trump announced new tariffs on imports from Canada, Mexico, and China. The tariffs include a 25% levy on most goods from Mexico and Canada and a 10% tariff on Chinese imports, effective February 4. A 10% tariff specifically targets energy imports from Canada
Following this announcement, global oil market trends February 2025 surged due to concerns over supply disruptions. West Texas Intermediate (WTI) crude futures rose to $73.89 per barrel, while Brent crude increased to $76.40 per barrel. However, Goldman Sachs analysts expect limited long-term impact. They predict U.S. natural gas prices will stay stable, with Canadian oil producers facing a discount of $3 to $4 per barrel. U.S. consumers may see a $2 to $3 per barrel increase. The market will likely adjust by shifting oil imports from Canada and Mexico elsewhere, while the U.S. seeks alternative suppliers
Production Strategies of Key Players
In response to market conditions, President Donald Trump is pushing for increased oil drilling to fight inflation and lower interest rates. However, U.S. shale producers and Saudi Arabia are resisting this push. Shale companies, having previously overextended, now focus on cost control and investor returns. Saudi Arabia, leading OPEC, prioritizes market stability and revenue generation over boosting global supplies.

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