Oil Prices Rise to Highest Level Since May Despite Future Surplus Outlook
Norwegian media reports oil prices climbing to their highest level since May, although the US EIA predicts an oil surplus and lower prices next year.
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Norwegian media reports oil prices climbing to their highest level since May, although the US EIA predicts an oil surplus and lower prices next year.
Fuel prices could keep rising for months after Hormuz reopens, US EIA says The Straits Times

The US Energy Information Administration has increased its oil price forecasts due to declining global stockpiles. These revisions reflect concerns over potential supply drops stemming from tensions involving Iran and broader Middle East instability.

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