World oil prices are falling due to a number of factors, but will soon stabilize. This was announced by Alexander Dyukov, head of Gazprom Neft, writes RIA Novosti.
“That and the expectation that Libya will add 0.5 million barrels per day to the market. These are also signals that growth is slowing in many major world economies,” he said.
But Dyukov is confident that oil prices will stabilize in the near future.
The previous day, the barrel price of Brent fell below $73 for the first time since December 13, 2023, while WTI fell below $70.
Previously, Andrey Loboda, economist and communications director at BitRiver statedIt is stated that oil prices are unlikely to fall below $70 per barrel of the North Sea benchmark Brent by the end of 2024.
Another big news was: information Bloomberg reported that Saudi Arabia’s oil revenues will peak in 2026 and then begin to decline rapidly.
Previously an expert guessWhen will global oil demand peak?