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A Primer on How Oil Has Reflected Macro and Geopolitics

The Breakdown

00:00

A Quick Primer on Oil

Western governments will come under increasing pressure to spend billions either subsidizing household bills, or taking control of power companies. Blass goes on to point out that there is some fairly significant re alignment happening. Initially after sanctions, russian oil output fell dramatically but now production is back to nearly where it was before the invasion. So this is kind of the state of play right now.

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