A new recession is looming

fabbrica abbandonataDemostenes Florosaboutenergy.com

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To balance the market, global economic powers must implement expansive policies and producer countries must implement the production cuts agreement as soon as possible

During the last month of 2018, oil prices strongly decreased at around $8/b in the wake of the global financial turmoil. In fact, in 2018, the S&P Goldman Sachs energy commodity index decreased by 21%.