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Why the price of oil matters more than you might think

https://www.profitableratecpm.com/f4ffsdxe?key=39b1ebce72f3758345b2155c98e6709c

And while local oil pipelines have some capacity to serve as an alternate route, they do not have enough – forcing producers in the region to announce cuts. In Iraq, output is down by more than 60%, according to Reuters, while Kuwait and the United Arab Emirates are also scaling back.

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