What is the availability of crude oil?

Crude oil availability is influenced by various factors, including geopolitical stability, production levels from major oil-producing countries, and global demand trends. As of late 2023, some countries have increased production to stabilize prices, while others face constraints due to sanctions or natural disasters. Additionally, the transition to renewable energy sources is gradually impacting long-term crude oil availability. Overall, while current supplies may fluctuate, crude oil remains a critical energy resource in the global economy.