Sunday, August 3, 2025

Oil prices may face further pressure amid OPEC+ supply glut: Seth R Freeman

Seth R Freeman of GlassRatner Advisory notes India's role in stabilizing oil prices by purchasing discounted Russian oil amidst tariff announcements. He anticipates continued market volatility due to labor market adjustments, tariffs, and political news, especially with low summer trading volumes. An expected increase in global oil supply may further pressure prices, potentially leading to a price decline.

from Economic Times https://ift.tt/GhPKqzU

No comments:

Post a Comment

BBC announces landmark 'partnership' with YouTube

The BBC has announced a significant deal with YouTube. This partnership will bring British storytelling and news to a wider audience. New co...