OPEC and its allies are not the kings of oil.
This is the message just sent by the American president.
Joe Biden has decided to draw up to 50 million barrels of crude oil in the United States in the coming months.
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The physical decline of oil is near
Unheard of, except in 2011, when the war in Libya limited global production.
But, this time around, the United States is launching its maneuver in coordination with other great powers: India, Japan, South Korea, the United Kingdom and, above all, China, a major consumer of oil. black gold which is also a rival, rather than an ally, of Washington.
Saudi Arabia, Russia and other members of the cartel of oil-exporting countries grouped under the name Opep + refuse to hear repeated calls since this summer by the United States to increase the supply of black gold.
The cartel, which drastically reduced its production from April 2020 to cope with the drop in demand linked to the pandemic, has maintained its initial schedule
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