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Historically, Crude oil reached an all time high of 147.27 in July of 2008. The Joint Ministerial Monitoring Committee from OPEC recommended an output increase of 4000,000 bps in March, in line with market forecasts, but traders start to bet the group will be unable to meet its own production...
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Olive oil is a liquid fat obtained from olives (the fruit of Olea europaea; family Oleaceae), a traditional tree crop of the Mediterranean Basin, produced by pressing whole olives and extracting the oil.
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Oil | Energy economics | Home | Oil production
World oil production also fell for the first time since 2009, by 6.6 million b/d. Global proved oil reserves were 1732 billion barrels at the end of 2020, down 2 billion barrels versus 2019. The oil price (Dated Brent) averaged $41.84/bbl in 2020 - the lowest since 2004.
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