The oil market is undergoing a serious production problem, warns one analyst, even as prices retreat temporarily amid Covid lockdowns in China.
“From the long term, something far more serious is going on — and that is what’s going on in Russia,” Dan Dicker, founder of The Energy Word told Yahoo Finance Live.
“The energy companies, Exxon (XOM), Total (TTE), BP (BP), leaving Russia, stranding assets in Russia. What we’ve seen is that production in Russia is down more than a million barrels in…
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