Global Trading Giants Forecast Oil Prices Between $60-$70 Amid Surplus

Executives from trading houses Gunvor and Trafigura forecast oil prices to settle between $60 and $70 per barrel. This outlook stems from slow demand in China and ongoing global surplus. At the Asia Pacific Petroleum Conference (APPEC), the recent drop in oil prices was a key topic of discussion. Prices had previously exceeded $90 per […]