The World Is Awash With Oil and Prices Are Poised to Keep Falling
Market Intelligence Analysis
AI-PoweredThe article highlights the surge in oil production in Guyana, driven by new discoveries, which is expected to lead to a continued decline in oil prices as global supply exceeds demand.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Almost every day, an oil tanker arrives off the Guyana coast to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable because just a few years ago, the country didn’t pump a single barrel.
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