Gawdat Bahgat, NESA discusses recent oil prices and strategic implications. In April 2020, oil prices collapsed to their lowest level ever. Producers had to pay consumers to take oil. Since then, prices have partly recovered. This severe fluctuation raises serious concerns about the strategic implications on oil-producing countries.
Click the video link above for Dr. Bahgat’s presentation addressing the strategic implications for such severe oil price fluctuations.
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