Wishful thinking: America’s offer to Venezuela
The Intelligence from The Economist
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Oil Market Turmoil Amidst Pandemic
This chapter explores the drastic changes in the global oil market due to the COVID-19 pandemic, focusing on the collapse of demand and the resulting price war between major producers. It highlights the implications for the American fracking industry and the challenges faced by oil-dependent countries. Additionally, the chapter discusses the potential for lasting transformations in the oil sector as companies adapt to unprecedented market conditions.
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