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[-] unconfirmedsourcesDOTgov 13 points 1 year ago

This was the result of a decision made by OPEC and Russia in order to maintain the price of oil.

Russia isn't producing less because of some domestic calamity that is preventing them from pumping more oil, they're doing it because if you keep supply low and the demand remains fixed, prices increase.

this post was submitted on 03 Oct 2023
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