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    Energy

    Economics

    1973 Energy Crisis

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    The crisis reshaped global geopolitics, underscoring the influence of oil-producing nations and prompting countries to consider geopolitical factors in their energy policies.

    Energy

    The Market Shocks Impact on Oil Price

    61 Views

    Sharp decline in crude oil price was caused by demand shock from COVID-19 virus. Russia and Saudi Arabia decision to increase production create supply shock which made the oil price fell even further. Saudi Aramco still generate $340 Million per day economic profit at $30 per barrel.

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