00:00Oil oversupply. This is what is expected to come in the first quarter of 2026, according to the Department of Energy.
00:07This is also followed by the protection of various international bodies.
00:12Director Reno Abad of the DOE's Oil Industry Management Bureau explained that this means there is a high chance of rollback or decrease in oil prices.
00:21Cited factors for this is the trouble between Ukraine and Russia and the conflict between the U.S. and Venezuela.
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