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The Worsening Oil Glut
Summary by Geopolitical Futures
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The Worsening Oil Glut
(click to enlarge) The World Bank predicts a widening imbalance between supply and demand in the energy market in 2026. Rising oil output, particularly from OPEC+ countries that are gradually restoring production volumes previously withdrawn under voluntary cuts, could exacerbate the glut and place additional downward pressure on prices. However, there is little reason to expect that rising supply will be met with equivalent demand. Global econo…
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