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.