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    HomeNewsOpinionIs a supercycle coming in oil markets?

    Is a supercycle coming in oil markets?

    OPEC+’s cut of 2 mbpd from November 2022 means oil output will fall by approximately 1.45 percent from May 2023 after the latest output cut comes in force. This insignificant quantum is unlikely to trigger a big raging bull market, forget about a supercycle

    Vijay Bhambwani
    April 07, 2023 / 23:42 IST
    Whenever oil prices have risen too much too fast, alternate sources of energy become commercially viable. The world is spoilt for choice now.
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