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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 829 |
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In the case of oil, the word ‘willingness’ is very important.In the article, Siddique suggests the major suppliers of oil, ‘OPEC,’ may not be able to meet its share of global oil demand by 2024. On the other hand, OPEC has recently stated that they believe the supply for oil is sufficient to meet the demands of the market...
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On the other hand, OPEC has recently stated that they believe the supply for oil is sufficient to meet the demands of the market. Therefore, we might come to the belief that the supply of oil at this time, is highly dependent upon the ‘willingness’ of the suppliers to give the oil to the market. Critics, who want the price of oil to go down, argue that oil producers should increase the supply, which would in turn create and equilibrium...
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