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Saudi Arabia Still Has Influence In Oil Markets But A Repeat Of 1973 Can’t Happen

by gulfnews.com posted 10months ago 40 views
Due to shale boom, US currently produces more than half the oil it consumes. : Abu Dhabi: Saudi Arabia cannot repeat an oil embargo similar to that of 1973 as the US oil market fundamentally changed over the years due to shale oil revolution as well as the availability of alternative suppliers, analysts told Gulf News.

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