OIL PRICES SINK AS TANKER TRAFFIC HIGHLIGHTS SUPPLY SURGE
https://media.zenfs.com/en/oilprice.com/5a0e98b8ff3430a6e2ece60f47e6e7c6
✍️ The volume of oil in transit at sea has reached a multi-year high due to increased supply from OPEC+ and non-OPEC+ exporters, leading to a decrease in oil prices.
👉 Oil in transit at sea reaches a multi-year high 👉 Increased supply from OPEC+ and non-OPEC+ exporters 👉 Supply from the United States, Guyana, and Brazil increases 👉 Oil prices decrease due to increased supply
-- #XavierTang #Atlantic #Pacific #SouthAmerica #NorthAmerica #Namibia #Iraq #Venezuela #energy
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