Secretary General, OPEC
Appears in 1 story
Defending bullish demand forecasts against IEA projections
Brent crude averaged $80 per barrel in 2024. The U.S. Energy Information Administration now forecasts it will fall to $58 in 2026 and $53 in 2027—a decline of more than one-third in three years. The reason: global oil production is growing faster than demand, and inventories are piling up at a rate not seen since the pandemic.
Updated Feb 11
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
