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Despite Saudi turmoil, new oil shock unlikely


September 22, 2019

New York: The past week´s sudden surge in oil prices brought to mind the nightmare of shortages, but it´s not too likely motorists will be queueing to fill up around the world, analysts say. All it took was a September 14 strike on key oil infrastructure in Saudi Arabia to abruptly leave the world´s main supplier producing just half its …

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