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Biden goes on the oil offensive but OPEC holds all the cards – The Sydney Morning Herald

President Joe Biden shouldn’t expect an invitation to Saudi Arabia to place his hands on a glowing orb anytime soon.

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In addition, curbing production now would amount to giving up market share, a concept that has caused friction between Saudi Arabia and fellow heavyweights Russia and the United Arab Emirates in the past couple of years.
Strategic stocks are, of course,…

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