JPMorgan predicts that oil prices will average $83 per barrel in 2024 and decrease to $75 in 2025. The bank forecasts a decline in demand additions from 1.9 million barrels to 1.6 million in 2024 and 1 million by 2025. The trend shows a shift to supply-driven market dynamics, with non-OPEC+ countries like the U.S., […]
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