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With oil prices on the rise, Biden is on a mission to get his hands on more oil. Problem is, nobody wants to produce and sell more oil. The question today is why, with exorbitant prices, would nobody want to bring more oil to market? Here’s what’s happening!
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The price of oil has jumped to an all time high on the back of Russia’s invasion of Ukraine. This has led American politicians to try and desperately increase oil production in order to tamp down prices. There are some major questions about what approach to take and how much America should cater to the will of oil companies. Here is exactly whats happening.
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Oil prices seem to have bottomed out as countries run out of places to store it. With demand bottoming out and a continuing increase in supply, here is exactly what’s happening in the markets.
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Russia and Saudi Arabia are in a competition to see who can put the other’s oil industry out of business. The pain of this competition has expanded to every country that exports oil including the United States whose crude oil industry has taken a huge hit. Here’s what’s happening and what major oil entities are doing about it.
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After a failed OPEC meeting designed to limit supplies in response to shrinking demand, oil prices have hit new lows. So, what the heck happened?
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