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The World Could See A Record-Breaking Oil Supply Shock

Started by forex4you, Mar 18, 2022, 03:38 am

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Mar 18, 2022, 03:38 am
The World Could See A Record-Breaking Oil Supply Shock

The global oil market could lose 3 million barrels per day (bpd) of supply from  starting in April, as sanctions on banks and buyers' reluctance to purchase n oil could result in the biggest oil supply crisis in decades, the International Energy Agency (IEA) said in its Oil Market Report for this month.   Since  invaded e at the end of February, the United States has banned imports of n energy while the UK is working to phase out its n supply by the end of the year. Even though Europe has not...


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