looking beyond borders

foreign policy and global economy

After Decades Of Wrong Predictions, Oil May Finally Be Peaking

After one of the most dramatic stretches in its history, the oil industry is slowly recovering. March and April saw the toxic combination of depressed demand, excessive supply, limited storage capacity, and intense financial speculation that turned prices on one index negative. Although concerns about a second wave of coronavirus infections remain high, demand is now back on the rise, and supply is in check.

Read Here – Foreign Policy

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