rides the oil boom

Reduction. The barrel of oil has started to rise again with the level of 100 Dollars in its sights. At first glance, this situation appears surprising in a context where demand is declining in connection with the deterioration of the global economy… The surge in black gold prices is linked to the reduction in production implemented by the OPEC. Orchestrated by Saudi Arabia, this reduction helps boost the tax revenues of Riyadh, which is struggling to balance its budget. This situation directly benefits majors such as TotalEnergies, whose stock price has increased by 25% over the past year…