Research & Stock Picks

Company Reports

31 January 2025

By

Oil Weekly (24 – 30 January 2025): Avg. USD 77.3/bbl (-2.8% WoW)

Recent Catalysts Driving the Price

  • Over the past 5 trading days, Brent prices plunged -2.8% WoW (from USD 79.5/bbl), and WTI plummeted -3.0% WoW (from USD 75.7/bbl) following higher-than-expected increase in US crude stockpiles on the back Trump’s plan to increase oil production, reinforcing concerns about supply-demand imbalances.
  • US crude oil stockpiles rose +3.46 Mmbbl last week, surpassing market expectations of +3.19 Mmbbl. Additionally, the 25% tariff on Mexico and Canada, set to take effect in February, and China's weaker manufacturing data have added further pressure on oil prices.
  • We maintain our oil price forecast at USD 72/bbl (YTD: USD 78.4/bbl) as we anticipate sustained price pressure and potential supply increases from certain OPEC+ members. However, extended production cuts into 2025 may provide some price support. MEDC remains our top pick with target price of IDR 2,200, reflecting FY25F valuation of 5.1x EV/EBITDA.

Share This:

harga minyak turun

Download PDF

Download PDF

UPDATE_Oil_Weekly_20250131

Download PDF

UPDATE_Oil_Weekly_20250131

More Related

Technical Stock Analysis

May 20, 2025

Economic Reports

May 19, 2025

Morning Briefs

May 19, 2025

Technical Stock Analysis

May 19, 2025

Economic Reports

May 18, 2025

Technical Stock Analysis

May 16, 2025

Morning Briefs

May 16, 2025

Economic Reports

May 15, 2025

Technical Stock Analysis

May 15, 2025

Company Reports

May 15, 2025

Morning Briefs

May 15, 2025

Economic Reports

May 14, 2025

Company Reports

May 14, 2025

Morning Briefs

May 14, 2025

Technical Stock Analysis

May 14, 2025

Technical Stock Analysis

May 9, 2025

Morning Briefs

May 9, 2025

Technical Stock Analysis

May 8, 2025

Company Reports

May 8, 2025

Economic Reports

May 7, 2025

Technical Stock Analysis

May 7, 2025

Morning Briefs

May 7, 2025

Company Reports

May 6, 2025

Economic Reports

May 6, 2025

sawit

Company Reports

May 6, 2025

laba bris

Company Reports

May 6, 2025

Company Reports

May 6, 2025

Technical Stock Analysis

May 6, 2025

Economic Reports

May 5, 2025

Technical Stock Analysis

May 5, 2025

Morning Briefs

May 5, 2025

Economic Reports

May 4, 2025

laba bank bmri

Company Reports

May 2, 2025

Economic Reports

May 2, 2025

Economic Reports

May 2, 2025

Technical Stock Analysis

May 2, 2025

Morning Briefs

May 2, 2025

Economic Reports

May 1, 2025

Technical Stock Analysis

Apr 30, 2025

Morning Briefs

Apr 30, 2025

Economic Reports

Apr 29, 2025

tren harga CPO

Company Reports

Apr 29, 2025

Technical Stock Analysis

Apr 29, 2025

Economic Reports

Apr 29, 2025

Technical Stock Analysis

Apr 28, 2025

Morning Briefs

Apr 28, 2025

Technical Stock Analysis

Apr 25, 2025

Morning Briefs

Apr 25, 2025

Economic Reports

Apr 24, 2025

pertumbuhan bbca

Company Reports

Apr 24, 2025

Technical Stock Analysis

Apr 24, 2025

Morning Briefs

Apr 24, 2025

Economic Reports

Apr 23, 2025

Economic Reports

Apr 23, 2025

Technical Stock Analysis

Apr 23, 2025

Morning Briefs

Apr 23, 2025

Technical Stock Analysis

Apr 22, 2025

Economic Reports

Apr 22, 2025

Economic Reports

Apr 21, 2025

Technical Stock Analysis

Apr 21, 2025

Morning Briefs

Apr 21, 2025

Technical Stock Analysis

Apr 17, 2025

Morning Briefs

Apr 17, 2025

Economic Reports

Apr 16, 2025

Technical Stock Analysis

Apr 16, 2025

Morning Briefs

Apr 16, 2025

Economic Reports

Apr 15, 2025

Technical Stock Analysis

Apr 15, 2025

Economic Reports

Apr 14, 2025

Economic Reports

Apr 14, 2025

Technical Stock Analysis

Apr 14, 2025

Morning Briefs

Apr 14, 2025

Technical Stock Analysis

Apr 11, 2025

Morning Briefs

Apr 11, 2025

Economic Reports

Apr 10, 2025

Morning Briefs

Apr 10, 2025

Economic Reports

Apr 9, 2025

Technical Stock Analysis

Apr 9, 2025

Morning Briefs

Apr 9, 2025

Economic Reports

Apr 8, 2025

Economic Reports

Apr 8, 2025

Morning Briefs

Apr 8, 2025

Technical Stock Analysis

Apr 8, 2025

Morning Briefs

Mar 27, 2025