feed: Energy Stories
OPEC slashed production in December, delivering a bullish signal to the market one month before the producer group officially began a fresh round of output cuts.
Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day just as worries about weakening demand emerge.
The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs,.
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