Oil prices hover near $100 as Middle East supply holds up, Gulf risks persist
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to signifi...
Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to significant withdrawals. Industry executives predict that demand recovery may not occur until 2028 or 2029. Prices may stabilize at around $70 a barrel depending on future production levels.
Original Source
https://timesofindia.indiatimes.com/business/international-business/oil-prices-hover-near-100-as-middle-east-supply-holds-up-gulf-risks-persist/articleshow/134720943.cms
