Meanwhile, declining oil demand from China, the world's largest crude oil importer, remains a drag on global oil consumption and prices.
Anil Mathews is a journalist specializing in the energy sector, with a focus on oil and gas markets. He writes for OilMonster.com and ScrapMonster.com, providing insights and analysis on industry trends, prices, and developments. His work has also been featured in Forbes and The Economic Times, establishing him as a trusted source in the field.