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global oil market News

OPEC and the pandemic has broken the U.S. shale market

OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years, the U.S. shale boom won’t be at the top of the list.

Saudi Arabia and U.A.E. promise a flood of crude oil

The battle for control of the global oil market intensified again on Wednesday as Saudi Arabia promised to increase production capacity and the United Arab Emirates said it plans to pump as much as possible next month.
 

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