With the Organization of Petroleum Exporting Countries promising only a modest increase in crude supplies next month and an unknown but possibly large slice of Russia’s 11 million daily barrels a day coming off the market as economic sanctions start to bite, the prospect of demand destruction starts rising. That’s a fancy term for what, to most of us, will look like a recession.
from Energy-Industry-Economic Times https://ift.tt/bIdEDQv
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