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Are oil prices heading to $100 this summer as a global shortage takes hold?
Monday, 8 April 2024
Mexico's decision to reduce its crude exports is intensifying a worldwide oil supply constraint, affecting refineries in the United States, the globe's leading oil producer. This situation has led to an increased reliance on domestic oil supplies. The scenario is further aggravated by American sanctions that have left Russian oil cargoes stranded, with the potential for Venezuelan supplies to face similar challenges.
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