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HomeBusiness NewsBiden goes on the oil offensive but OPEC holds all the cards

Biden goes on the oil offensive but OPEC holds all the cards

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In addition, curbing production now would amount to giving up market share, a concept that has caused friction between Saudi Arabia and fellow heavyweights Russia and the United Arab Emirates in the past couple of years.

Strategic stocks are, of course, more finite than petro-state oil reserves….



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