Reported about 19 hours ago
The oil market is projected to remain in a state of glut until 2026, with current oversupply at around 1.9 million barrels per day. Despite a possible increase to 4 million barrels daily, sanctions against Russia's major producers could limit this growth. Demand from countries like China and India remains strong, which may help stabilize prices that have dropped significantly this year. The future of oil prices will hinge on how these geopolitical factors play out and their impact on global supply.
Source: YAHOO