Another big time reduction of fuel (pump) prices in Manila , - TopicsExpress

Another big time reduction of fuel (pump) prices in Manila , looks like there is an on going price war between OPEC and US shale oil producers and Russian oil and gas. I cannot see a future rise in prices with Libyan light sweet crude still out of production and most Iraqi and a few Syrian oil fields out. As of now only a war with Iran and the closure of the Strait of Hormuz will be a turning point of prices going up

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