The Status of Global Oil Production (Part 1)
Could it be that there is a politically less appealing but a more realistic explanation for what is causing high oil prices?
Could it be that there is a politically less appealing but a more realistic explanation for what is causing high oil prices?
13 million barrels per day: that is Saudi Arabia’s maximum rate of production as stated the previous weekend by Prince Mohammed Bin Salman.
Natural-gas futures have jumped 48% this month—including 10% on Wednesday —to $8.007 per million British thermal units, reversing last month’s plunge and reviving a key driver of inflation.
US front-month natural gas futures closed at $6.426 cents per million Btus, compared to gas trading at around $48 per mmBtu in Europe and $39 in Asia.
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