ISLAMABAD: Petroleum product prices will fall in early 2024 due to low demand and high production of oil in international market.
According to experts, the prices of petroleum products are likely to decrease significantly in early 2024 due to low demand and high production of oil.
Energy experts said crude oil prices fell in November and December due to a weak global economy and a drop in demand due to rising crude oil inventories in the US.
Analysts watching the market said that while crude oil supply is currently higher than demand, for the first half of 2024 we expect Brent to range from $60 to $65 per barrel to $85 to $90 per barrel. will remain between the barrels
Experts believe that only geopolitical tensions in the Middle East can increase oil prices, otherwise there is a possibility of significant reduction in oil prices.
