Oil Prices Slump in 2026
Update: 2026-01-02
Description
Oil prices start 2026 on a low note, with no significant changes despite geopolitical tensions. Last year saw the weakest oil performance since 2020, with prices dropping 19%. The U.S. increased pressure on Venezuela, while Mexicos largest oil field switched operators. OPEC+ is expected to maintain production quotas, and Russian gas to Europe hit a 50-year low. Chinese refineries boosted runs, and the EUs car ban deadline reversal sent platinum prices soaring. Checkout Solipillow.com
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