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TexasTowelie

(110,420 posts)
5. While it is now questionable, Russia could increase production which would lead to further reductions in the price of
Thu Dec 7, 2023, 05:53 PM
Dec 7

oil. While the sanctions have impaired Russia's capacity to increase crude oil production, they could decide to offer larger discounts to undermine their competitors. The countries in the Middle East don't want to break the OPEC+ alliance.

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