The World Is Still Producing More Oil Than It Needs. Why?

Today, petroleum producers around the world will start shutting down wells after the Covid-19 pandemic caused demand to plummet. What took them so long?

The World Is Still Producing More Oil Than It Needs. Why?
Today, petroleum producers around the world will start shutting down wells after the Covid-19 pandemic caused demand to plummet. What took them so long?
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