Orion Farming Group Fuel Update 16/04/25 - Farm prices unchanged and futures markets slightly down on last week

Suppliers continue to be busy with lead times between 3 to 7 working days -Average prices have remained steady this week. The Orion office will be closed on Friday 18th April & Monday 21st April for the Easter holiday.

A new supplier, FastExocet, has joined the Group. FastExocet are suppliers of fuel additives, and you can find out more HERE; orders can be placed directly with FastExocet.

Fuel price outlook

Brent futures plunged below $60/bbl in early April, hit by US trade tariffs fueling recession fears  and OPEC+ accelerating May supply increases (411k bpd). Prices recovered partially to ~$65 amid high volatility. Major agencies (IEA, EIA, OPEC) slashed 2025 demand forecasts due to trade risks. The outlook hinges on trade developments and the net effect of OPEC+'s May supply hike versus compensation cuts. Forecast range: $60-$70/bbl , with fragile sentiment and downside risks prevailing.

Cut through to understand the key drivers by listening to the latest concise audio summary from 16th April in this 6 minute blog (Source: Gemini from Demand Economics)

Please note that any opinions expressed in this update are sources from market information / analysis and do not represent views of Orion Farming Group. Orion Farming Group accepts no responsibility for any Member decisions made on the basis of information provided in the weekly fuel update.

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Applications and Data Analytics for Orion developed by Demand Economics Ltd.