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The World Is Still Producing More Oil Than It Needs. Why?

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The World Is Still Producing More Oil Than It Needs. Why?

Today, petroleum producers around the world will start shutting down wells after the Covid-19 pandemic caused demand to plummet. What took them so long?

Wired,

5 min read
4 take-aways
Audio & text

What's inside?

This is what happens when an unprecedented drop in demand ripples through the oil industry.