Analysts are maintaining their oil price forecasts for the second half of 2024, balancing geopolitical risks with subdued demand, particularly from China. Brent crude is expected to average more than $83 per barrel, and U.S. crude $79, nearly unchanged from previous estimates. Some analysts predict prices will stay within the $80-85 range due to stable demand-supply dynamics. Despite lower Chinese oil imports and global economic shifts towards electric mobility, global oil demand is forecasted to grow by 1-1.5 million barrels per day in 2024. OPEC+ is expected to uphold production cuts through 2025 amid ongoing geopolitical tensions.