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Japan's Matsuno says monitoring impact of Saudi oil output cut on economy - ForexLive

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Japan's Matsuno says monitoring impact of Saudi oil output cut on economy | Forexlive

Japan chief cabinet secretary Matsuno says the government is monitoring the impact of reduced oil sup[ply on the economy.

Earlier:

Saudi Arabia to make 1m bpd production cut, others to extend cuts through 2024
Goldman Sachs' 3 reasons why Saudi oil output cut was 'moderately bullish'

Oil price update, the gap nearly filled:

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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