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She's a pence flunky
Posted on: October 6, 2021 at 12:10:14 CT
JayHoaxH8r MU
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from your article:
Demand for petroleum products plummeted in 2020 as the pandemic shut economies worldwide, prompting producers to turn off the taps. Though demand has recovered as people hit the road and business activity picks up, supply has remained constrained. Producers have been slow to return barrels to the market, and Hurricane Ida exacerbated the supply and demand imbalance when it knocked production in the Gulf of Mexico offline.
In the face of rising oil prices, some thought the coalition of oil-producing nations known as OPEC+ would opt to increase output. Instead, the group decided Monday to stick to a previously agreed upon schedule to return 400,000 barrels per day to the market in November.
Higher oil prices translates to higher gas prices for consumers, and Americans are paying more than $1 per gallon more than this time last year.
Demand for petroleum products plummeted in 2020 as the pandemic shut economies worldwide, prompting producers to turn off the taps. Though demand has recovered as people hit the road and business activity picks up, supply has remained constrained. Producers have been slow to return barrels to the market, and Hurricane Ida exacerbated the supply and demand imbalance when it knocked production in the Gulf of Mexico offline.
In the face of rising oil prices, some thought the coalition of oil-producing nations known as OPEC+ would opt to increase output. Instead, the group decided Monday to stick to a previously agreed upon schedule to return 400,000 barrels per day to the market in November.
Higher oil prices translates to higher gas prices for consumers, and Americans are paying more than $1 per gallon more than this time last year.
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She's a pence flunky - JayHoaxH8r MU - 10/6 12:10:14