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Oil falls amid the news from Saudi Arabia

September, 26 2024

Against the background of news about a possible increase in Saudi Arabia's oil production, commodity prices continue to decline. According to the Financial Times, the kingdom plans to abandon the policy of maintaining oil prices around $100 per barrel, as the recent reduction in production has led to a loss of market share. This decision by Saudi Arabia may indicate an increase in internal problems in OPEC.The Organization of the Petroleum Exporting Countries (OPEC) has indeed faced difficulties... Read More

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