But a recent forecast within the U.S. Electricity Data Administration (EIA) indicates that the entire world might be moving into a different stage—one where by oil demand from customers grows in a drastically slower tempo.Oil price ranges are very likely to continue being capped beneath $80 per barrel despite the escalating Israel-Iran conflict,
JP Morgan is sticking to its base-scenario oil price forecast for 2025, projecting Brent crude will trade from the minimal-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran,…In India, oil consumption remains to be developing, but the rate is slowing. Govt incentives for solar and wind power are starting to chip away
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