There is news that Opec is cutting production capacity. This...

Why OPEC's future is increasingly uncertain?

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JJ003 joined discussion · Jul 6, 2023 22:11

There is news that Opec is cutting production capacity. This means that the supply of crude oil and natural gas will be affected. “Things are scarce as expensive”, and oil prices are bound to rise in proportion to each other. Based on the unabated extraction of crude oil and natural gas in the US, the impact on the US crude oil and gas market should not be too intense.

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