Oil Barrel Bonanza: Soaring Crude Prices Reach $210 by 2025
Market Dynamics Fueling the Surge Global Demand: Accelerated economic growth in developing countries, particularly China and India, is driving increased demand for oil. Population growth and urbanization are boosting consumption of transportation fuels. Supply Constraints: Geopolitical risks, such as conflicts in major oil-producing regions, disrupt production and supply chains. Declining production from mature oil fields…