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Daily Memo: Global Oil Demand, Turkish Grain Duties
European and Asian oil buyers may have to compete for limited supplies.
Supply crunch. Global competition for oil supplies is about to heat up, according to an analysis by Bloomberg. Since February 2022, Europe has reduced imports of Russian oil by more than a million barrels per day. At the same time, it’s seeing declining supplies from Iraq, which has suspended deliveries to the Continent through a […]