Commodity Talk: OPEC’s production cuts destablise markets not just oil price, says Sreeram Ramdas of Green Portfolio PMS
When we look at the Strategic Petroleum Reserve (SPR) that is held by the US, it's down to its lowest levels since 1983, and we have seen a 50% drawdown since the last time it was up to the brim. This puts us, especially the US, in a challenging spot.
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