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24-08-2022, 12:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Saudi Arabia's energy minister is worried about the risk of a drop in oil prices considering that the market is sufficiently supplied while a slowdown in the global economy will weigh on demand.
Reducing the supply of oil seems paradoxical in the midst of an energy crisis, even though a few weeks ago President Joe Biden went to Saudi Arabia to demand an increase in production. Yet this is what OPEC+ (a partnership that brings together oil-exporting countries, led by Saudi Arabia and Russia)...
Read more (https://www.sammyboy.com/threads/oil-opec-ready-to-reduce-its-supply-to-avoid-a-fall-in-barrel-prices.327000/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/oil-opec-ready-to-reduce-its-supply-to-avoid-a-fall-in-barrel-prices.327000/).
Saudi Arabia's energy minister is worried about the risk of a drop in oil prices considering that the market is sufficiently supplied while a slowdown in the global economy will weigh on demand.
Reducing the supply of oil seems paradoxical in the midst of an energy crisis, even though a few weeks ago President Joe Biden went to Saudi Arabia to demand an increase in production. Yet this is what OPEC+ (a partnership that brings together oil-exporting countries, led by Saudi Arabia and Russia)...
Read more (https://www.sammyboy.com/threads/oil-opec-ready-to-reduce-its-supply-to-avoid-a-fall-in-barrel-prices.327000/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/oil-opec-ready-to-reduce-its-supply-to-avoid-a-fall-in-barrel-prices.327000/).