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Author: Jubair Pavel

Will oil prices drop if production rises Global Oil Output Set to Rise, Prices May Ease

Global Oil Output Set to Rise, Prices May Ease

Global crude oil production is expected to increase further this year, according to the latest outlook from the US Energy Information Administration (EIA). The agency said that in 2025, total global oil production, including refined products, could average 106 million barrels per day, which is about 100,000 barrels per day higher than its previous forecast. […]
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