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Crude Oil Price Suppression

Refiners are suppressing global crude oil prices to boost margins. Their actions have cost oil producers around $20 per barrel. For more, click here.

Producers Less Willing to Spend Due to Crude Oil Price Suppression

Had historical trends held, the amount spent on exploration today would be at least seventy percent higher. For more, see Our View on this page.

Crude Oil Price Suppression (January 30, 2023) -- By suppressing crude prices, refiners cost oil producers $720 billion in lost revenue in 2022.

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