As economies recover from the pandemic, the Organization of Petroleum Exporting Countries (OPEC) anticipates an oil supply deficit in August and the rest of 2021, suggesting the organization and its allies have
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Oil prices are continuing to rise mainly due to expectations regarding that major oil producers of OPEC+ would keep to the decision to cut oil output in May. Analysts comment that OPEC+
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In the month of February, the Organization of Petroleum Exporting Countries (OPEC) indicated a cut in its 2021 forecast for US shale oil, which expects a decline in production by 140,000 barrels
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