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Oil prices should improve next year driven by healthy demand TotalEnergies chief executive Patrick Pouyanne told Bloomberg noting that a supply response from OPEC will also likely

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The global oil market looks well supplied at the end of the year with output sufficient to absorb a supply disruption in Venezuela the world s biggest crude resource holder

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Oil majors like Chevron ExxonMobil and TotalEnergies are leading the charge in new and existing frontier basins

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Goldman Sachs has again significantly reduced its oil price forecasts for 2026 citing increased risks of recession and higher than expected OPEC production just days after its

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Oil prices rose to multi week highs as geopolitical tensions U S tariff threats on Russian oil and anticipation of key economic data drove market volatility

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Oil prices have fluctuated due to concerns about potential supply disruptions in the Middle East following recent Israeli strikes on Iran but no actual supply cuts have occurred

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For now the nation is riding a wave of rising crude oil production up 17 year over year and robust partnerships

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Future oil prices could drop significantly if the tariff war worsens and OPEC Plus restores its previously cut oil supply according to Goldman Sachs analysts