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The Short-Term Energy Outlook forecasts a decline in global oil prices, with Brent crude expected to average $55 per barrel in 2026 due to rising production and lower demand. Global oil inventories are projected to build significantly, driven by strong production growth, particularly in non-OECD countries like China and India. OPEC+ is anticipated to produce below targeted levels, while China

Author

dharamkumarmba

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EN