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Saturday, March 30, 2019

Will oil from the US bring down your petrol bill?

The fact that US shale oil exports are increasing is bound to have an impact on the global oil prices in the next five years — given that of the top three oil exporters, two will be non-OPEC countries, viz., the US and Russia, who will export nearly double of what Saudi Arabia, which has the largest reserves of conventional crude oil, will export.

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