US Treasury Secretary Scott Bessent forecasts a medium-term oil glut and significant price drops as new supply enters the market after the Iran conflict.
Global energy markets experienced a significant correction on Monday as crude oil prices plummeted in response to a sudden de-escalation of military tensions between the United States and Iran. The…
Global crude oil benchmarks experienced a notable decline following a second consecutive day of relative calm between the United States and Iran. Financial markets responded favorably after both nations refrained…