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flag Oil traders foresee price drops due to oversupply as major producers increase output.

flag Top oil traders are becoming more pessimistic about crude prices due to an oversupply, with OPEC+, the US, and South America increasing production. flag At the CERAWeek conference, Saudi Aramco's CEO clashed with the IEA over the future of oil, with Aramco focusing on carbon capture to reach net-zero by 2050. flag Energy experts warn that current low oil prices could lead to future supply crises and price spikes.

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