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OPINION

Published 13:40 IST, November 2nd 2024

Oil glut renders industry’s appeal purely relative

Most of the increase comes from beyond OPEC. US production exceeds 13 million barrels per day, and gaining, making it harder for the cartel to trigger a rise.

Reuters Breakingviews
Robert Cyran
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Crude Oil
Crude Oil | Image: Unsplash
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13:40 IST, November 2nd 2024