The question on oil is simple: demand has dropped by 30 million barrels / day & inventories are overflowing. If production is cut by 10 million it will not reverse the price trend. The drop in production reflects the lack of capacity to store more.
The question on oil is simple: demand has dropped by 30 million barrels / day & inventories are overflowing. If production is cut by 10 million it will not reverse the price trend. The drop in production reflects the lack of capacity to store more.
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