Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebu…
Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to significant withdrawals. Industry executives predict that demand recovery may not occur until 2028 or 2029. Prices may stabilize at around $70 a barrel depending on future production levels.
Source: The Times of India — Top Stories
🔑 Key Takeaways
- Wire dispatch directly ingested from Times of India.
- Published at Tue, 06 Oct 2026 02:34.
- Source URL: https://timesofindia.indiatimes.com/business/international-business/oil-prices-hover-near-100-as-middle-east-supply-holds-up-gulf-risks-persist/articleshow/134720943.cms