Global Oil Glut: How China’s Slowdown and U.S. Energy Boom Are Impacting Prices

Doug McIntyre and David Callaway discuss the global oil surplus driven by a slowdown in major economies like China, the U.S., and Europe. Despite the U.S. producing record levels of oil, demand is declining due to economic challenges in key markets. This surplus, combined with OPEC’s policies, indicates that oil prices are likely to remain low for the foreseeable future unless there’s a major geopolitical shock.