OIL FALLS SHARPLY AS FEARS OF RUSSIAN SUPPLY SHORTAGES EASE

OIL FALLS SHARPLY AS FEARS OF RUSSIAN SUPPLY SHORTAGES EASE
OIL FALLS SHARPLY AS FEARS OF RUSSIAN SUPPLY SHORTAGES EASE

OIL FALLS SHARPLY AS FEARS OF RUSSIAN SUPPLY SHORTAGES EASE

CRUDE OIL PRICES DROP: Oil prices fell on Thursday, influenced by the possibility of increased oil supply in energy markets.

DECLINE IN FEARS OF RUSSIAN SUPPLY SHORTAGES: Concerns about potential shortages of Russian oil supplies eased, contributing to the price drop.

IEA EXPECTS IMPROVED SUPPLY IN 2025: The International Energy Agency (IEA) forecasted better oil market supplies next year, driven by increased output from non-OPEC Plus countries like the U.S., Canada, and Guyana.

UPWARD REVISIONS IN DEMAND GROWTH: The IEA slightly raised its global demand growth forecast for 2025 to 1.1 million barrels per day, up from 990,000 barrels per day in the previous report.