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15) The US. has run down the nation's SPB, Strategic Petroleum Reserve, to levels not seen it since March 1984! At 1.0 million bbls per
15) The US. has run down the nation's SPB, Strategic Petroleum Reserve, to levels not seen it since March 1984! At 1.0 million bbls per day, what was the impact on the global oil price if there was no countermeasure employed by OPEC+? Knowing that Russian oil production has declined and is expected to be 1.1 million bbls per day less than prewar levels AND the 1.0 million bbls per day that are coming off the market due to the end of the SPB release-let's say in March 2023. What do you expect to happen to the price of oil
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