Orion Farming Group Fuel Update 28/05/25
- Orion Farming Group
- May 28
- 1 min read
There has been another slight downward trend in average prices this week. Deliveries between 2 – 7 working days, dependant on the Supplier & area they cover.
Fuel price outlook
The short-term outlook for Brent crude futures over the next couple of weeks appears to be in a consolidation phase, with potential for slight downward pressure or limited upside, unless significant geopolitical shocks emerge. Recent trading has seen prices hovering around the mid-$60s per barrel.
A key influencing factor will be the upcoming OPEC+ meeting on May 31st/June 1st, where key producers are expected to finalize July output plans. There's an expectation that OPEC+ may continue with the gradual return of some voluntary production adjustments, potentially adding supply back to the market.
Global economic sentiment also plays a crucial role. Concerns about slower-than-expected global demand growth, particularly from China, continue to temper bullish sentiment. Rising inventories, especially in the U.S., could further weigh on prices. Conversely, any renewed escalation of geopolitical tensions in the Middle East or unexpected supply disruptions could quickly reverse this trend, introducing a risk premium. However, without such disruptions, the market is currently more focused on supply increases and demand uncertainties.
Fuel price outlook section provided by Investing.com and 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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