Global Economy Dodges Oil Crash

The global economy narrowly avoided disaster this year, as oil prices plummeted from $100 to around $70 a barrel—thanks to China’s bold move to slash oil imports by 40%, coupled with massive global reserves and supply buffers. Countries scrambled to diversify energy sources: the U.S. surged exports, Singapore now imports heavily from America, and Gulf nations rerouted shipments. This resilience echoes past crises like Ukraine’s invasion, proving nations are now hyper-focused on energy security. Yet, inflation and slower growth persist, with developing nations especially vulnerable. The world’s energy web is tighter than ever—and the transition to renewables is accelerating. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b45d2e740c0cf6ab