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Ernsberger Predicts Decline in Oil Prices Before End of 2025

Recent developments in the oil market indicate a potential decline in prices, as highlighted by Dave Ernsberger, President of S&P Global Commodities Insight. In a conversation with Bloomberg’s Jennifer Zabasajja on the Horizons Middle East & Africa program, Ernsberger shared insights into the current state of the oil industry.

While oil prices have shown signs of stabilization, this has been influenced by recent trade negotiations between the United States and China. However, concerns over an oversupply in the market continue to loom large. Despite these worries, the OPEC+ coalition has persisted with its strategy of increasing oil production, even in the face of warnings that it might need to pause or reverse its production expansion efforts.

Ernsberger’s analysis suggests that market dynamics are shifting, and he anticipates a decrease in oil prices before the conclusion of 2025. This outlook reflects a complex interplay of geopolitical factors, trade relations, and OPEC+ strategies that are shaping the future of the oil market.

For further updates on oil market trends and expert insights, stay tuned to our coverage.

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Source: Original