Macquarie: The global oil market is expected to face "severe oversupply" by 2025.
According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.
Sector Update: Energy Stocks Advance Premarket Friday
Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel
Occidental's 1PointFive Secures $500M Boost To Capture CO2: Details
Warren Buffett $13B Bet On Occidental Petroleum Turns Sour As Shares Plunge 29% Since Mid-April — Analyst Says He Could Buy More
Inviting 'second rebuttal' with great effort! Harris wants to pursue victory, while Trump talks tough but 'fears war'.
There will be no more 'Hart Debates'.
