In summary, while OPEC+ has consistently raised its production targets, actual export volumes have not always kept pace. Inventories in developed countries remain near normal levels, and demand from major importers like China and Asia appears soft despite lower oil prices. The crude oil market continues to face significant uncertainty on both supply and demand fronts, shaped by geopolitical tensions, economic factors, and shifting producer strategies.
(Disclaimer: This slideshow has been sourced from Reuters)
