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Stagflation: Should the Oil Industry Worry?

Stagflation: Should the Oil Industry Worry?

Oil is an essential commodity with an almost perfectly inelastic demand, despite its volatile price. In recent months, fuel prices have declined significantly from approximately $120 per barrel (b) at the beginning of June to less than $85/b at the end of September. Experts and market commentators suggest that this steady decline is symptomatic of the onset of a global economic recession. But what are these recessionary concerns?

9th January 2023

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