Saudis Block OPEC Output Cut, Oil Price Sinks Further

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VIENNA (Reuters) – Saudi Arabia set the stage for more blood-letting on oil markets after blocking on Thursday calls from poorer members of the OPEC oil exporter group for output cuts to arrest a slide in crude prices. Benchmark Brent oil fell more than $4 to $73.50 a barrel on fears that the global oversupply will…

Saudis Block OPEC Output Cut, Oil Price Sinks Further

According To Jim Chanos, This Is The Biggest Story No One Is Talking About

Jim ChanosWhen a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More

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