Search

IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records

12.8.2023
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record...