There seems to be two very important developments occurring in the global oil markets. One is the tightening of the oil markets as OPEC+ has prolonged its production cuts. The second is that Russia has called for a ban on diesel exports. Both will have long term consequences. Moreover, I will try to provide a brief overview of the global economy in the light of recent economic indicators.
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The global economy is riddled with vulnerabilities and uncertainty. It’s imperative for businesses to brace for diverse economic and geopolitical outcomes.