What OPEC's Surprise Oil Production Cuts Have to Do With De-Dollarization
The Breakdown
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The Power Struggle Between Washington and Saudi Arabia
Since 1998, production cuts and increases led to price moves in the same direction. Russia has been successful in selling its oil since the war began as evidenced by the rising fleet of tankers operating offside. Many are wondering if this is the latest move in a power struggle between Washington and Saudi Arabia.
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