OPEC Cuts Reignite Inflation Worries As Energy Prices Rise

The International Energy Agency warns of a deepening oil market deficit in the fourth quarter due to extended Saudi and Russian production cuts. Diesel shortages are affecting sectors such as construction, transport, and farming, with global inventories significantly below the usual levels for the year. Despite President Biden’s promises to reduce gas prices, options like the strategic petroleum reserve are dwindling, and increasing production is not an immediate solution. “And I heard a voice in

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