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IEA warns on plummeting oil stocks

4 Comments

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4 Comments
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OPEC will always flex its oil supply with demand to keep prices favorable, and keep storage costs low.

0 ( +2 / -2 )

The IEA expects that oil demand could peak by the end of this decade.

I must have read the same sentence nearly every few years since I was about 10 year old. Offer will always adapt to demand.

-1 ( +0 / -1 )

If countries like China, India, etc. purchased ALL their oil from non-sanctioned sources (NOT Russia), price of oil today would be WELL NORTH of $100/barrel today!

-3 ( +1 / -4 )

Seems Russia's selling tons of discounted oil and avoiding sanctions, keeping a lid on oil prices and growth in global oil production. China's consumption the big wildcard.

-6 ( +1 / -7 )

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