Oil Glut Alert: Are Prices Headed for a Fall?
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Oil glut alert! The International Energy Agency predicts a massive oil surplus next year – up to 4 million barrels a day. OPEC+ and other countries are pumping more, while demand slows due to a weak economy and the EV boom. Oil prices are already feeling the pressure, and the IEA expects sluggish demand growth through 2026. Is a price crash coming?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.