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There was a small decrease of light sweet production during the downturn. When the use rebounded, OPEC voted to keep production growth behind use growth. This h
by WarOnPrivacy 5y ago
There was a small decrease of light sweet production during the downturn. When the use rebounded, OPEC voted to keep production growth behind use growth. This helps nurture our steadily rising prices and reduce the chance of blowback from suddenly skyrocketing prices.
At the same time Louisiana production took a hurricane hit and that helped reduce supply a bit more.