The Cabinet of Ministers of Egypt was afraid of a decline in oil production: it could shake the energy market
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The Center for Information and Decision Support of the Egyptian Cabinet released a report that analyzes the possible consequences of the introduction of restrictions by OPEC + countries on oil production.
According to experts, the consequences of this decision “could result in turmoil in the energy markets.”
It is noted. that these negative effects may intensify due to the embargo imposed on the export of Russian and Iranian oil and “the unwillingness of US producers to increase production levels due to maintaining the price level.”
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