Charles Myers of Signum Forecasts Substantially Lower Oil Prices by Year-End

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Oil Prices to Drop Significantly Later This Year, Says Signum's Charles Myers

Charles Myers, chairman of the consulting firm Signum Global Advisors at the the second edition of Moneycontrol's Global Wealth Summit 2026

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Moneycontrol•14-03-2026, 11:01

Oil Prices to Drop Significantly Later This Year, Says Signum's Charles Myers

•Charles Myers of Signum Global Advisors predicts a significant drop in oil prices later this year.
•US control over Venezuela's vast oil reserves will lead to a rapid increase in output.
•Venezuela holds the world's largest proven oil reserves, crucial for future global supply.
•Easing tensions with Iran (nuclear deal) and a Ukraine ceasefire could bring more Iranian and Russian oil to markets.
•Myers believes ample global oil supplies exist; conflict resolution ensures stable energy flow.

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