oilprices

  • Technology

    Understanding the Reasons Behind the Surge in Oil Prices

    Increased Global Demand for Oil The global demand for oil has been steadily increasing over the years due to various factors such as population growth, industrialization, and rising incomes. The COVID-19 pandemic has temporarily reduced the demand for oil as countries imposed lockdowns and travel restrictions, but as the world gradually recovers, the demand for oil is expected to surge…

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