Oil prices could slide further due to potential increase in Iranian supply and slower demand growth

From Investing.com: 2025-05-16 01:34:00

Oil prices dropped as hopes for an Iranian nuclear deal rose after President Trump’s comments. The deal could lead to an additional 400k b/d in oil supply from Iran. OPEC+ is also increasing supply, while IEA forecasts slower global oil demand growth. US natural gas storage increased by 110bcf last week.

Argentina’s soybean crop for 2024/25 revised higher to 48.5 mt, with a potential increase in planting area for 2025/26. Improved soil moisture may lead to a production of 21 mt. ING’s publication provides information for investors, but does not offer specific investment advice or recommendations.



Read more at Investing.com: Oil Prices Could Slide More on Growing Iran Supply Prospects