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With more on this, im joined by nitesh shah. He joined by nitesh shah. Is head of notties. Thank yo being he is head of notties. Thank you for being with us, so, we are flirting with this 95 barrel level, production has been cut. That is why prices are going up. It is fair to say this is opec plus, russia and saudi arabias plans bearing fruit . Yes, so, To Peck Group and in particular russia and saudi arabia have been angling for tightening up the market to push prices to these levels, they have extended recently extended their supply cuts against market expectations, that is what drove it above 90 but we are close to 95 now, that a recent leg in movement in oil prices has been driven by the tight innocence the market n the us Storage Levels are going to record lows and in past months what we are finding, despite to peck saudi arabia, russia particular driving down production, us was making up for that, us production was rising, now that seems to have come to an end, us production is c

Crude oilPrice pressureStrike actionLas vegasOil pricesWorld business reportAugust 2022Storage facilityThe cost of livingSaudia arabiaNitesh shahThank yoOpec plusTo peck groupSupply cutsStorage levels