Global oil prices sank to a three-year low this week as production surges outweigh conflict-driven demand risks. Analysts warn the energy crisis could deepen if OPEC+ fails to announce output cuts by Friday.
Market data reveals:
- Brent crude futures down 32% since January
- U.S. shale output at record 13.2M barrels/day
- China's oil imports drop 18% YoY
This is fundamentally a structural oversupply,warned EnergyAnalytics founder Liam Cole.
Regional tensions continue to...
