World's largest oil consumers - US, China, and India - wanted the rise in supply to bring the cost down. Crude oil hit $73.98 a barrel on Brent exchange on Friday. Saudi and Russia said they were happy to pump more but Iran had criticised the idea as it faces export-crippling US sanctions.
from Times of India https://ift.tt/2MfXNgl
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Saturday, 23 June 2018
One economic problem that may be solving itself
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