Tag: "oil prices"
Oil prices log steepest annual drop since 2020

Oil prices log steepest annual drop since 2020

World 11:51 01/01/2026

LONDON/NEW YORK - Oil prices fell on Wednesday and recorded an annual loss of nearly 20%, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased OPEC+ output and sanctions on Russia, Iran and Venezuela.