Oil & Gas Industry – Upstream Leaders Shaping Industry Prospects
Posted: Jul 16, 2025
- Crude oil prices in H1/2025 were influenced by unpredictable geopolitical tensions and U.S. tariff policies. We expect these factors to stabilize somewhat in the second half of the year, supporting a stable or slightly upward trend in oil prices. Our base-case forecast for Brent crude is in the range of USD 65–75/barrel.
- We believe the acceleration of oil & gas exploration projects and new regulatory frameworks will create favorable conditions for upstream companies. Meanwhile, the midstream segment continues to face challenges due to limited growth in tankers demand and time charter rates hovering at low-to-average levels.
- Given the improved outlook for upstream projects, we expect rig day rates to remain elevated, driven by rising regional demand and utilization rates exceeding 90%. Accordingly, we recommend PVS and PVD as key investment picks for exposure to the oil & gas sector in the upcoming period.
Share:
Relevant reports
Don't have an MBS account?
Open an accountStart trading and stay informed with timely updates and valuable reports from MBS.
If you have an MBS account, please register to receive reports from MBS.
Get the latest market updates and corporate insights from MBS.