The data is unambiguous: global upstream investment has not returned to pre-2014 levels. Spare capacity outside OPEC remains thin. U.S shale growth – once the world’s swing supplier – is moderating as capital discipline replaces expansion-at-any-cost. Demand, however, has not collapsed. According…

Brent Crude Oil Price

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Last Updated: 2025-05-03 20:09 UTC

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