Argus Media – Tariffs, Tapering & Transitions, Feb 2025

The main theme of the report concerns the factors affecting the oil market in 2025, including tariffs, economic transitions, and macroeconomic conditions.

Key findings include: global trade has been affected by conflicts and supply chain disruptions; the impact of sanctions on Russia and potential easing of freight volatility in the event of peace in the Middle East and Ukraine; inflation in the Atlantic basin remains resilient, while China faces deflation; economic growth in the Asia-Pacific region will continue; US energy and tariff policies may influence economic growth and inflation.