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Oil demand is steady, but now OPEC+ is cutting supply

Apr 3, 2023
The economies of China, the U.S. and Europe will all be affected by the cartel's move to boost energy prices.
An oil tanker delivers crude to a Chinese port. China’s been increasing its oil demand, but that may not offset a potential slowdown in the West, according to Sara Vakshouri of SVB Energy.
STR/AFP via Getty Images

Europe’s economy wilts in one of the Continent’s hottest heat waves

Jul 11, 2019
Roads, railway tracks and other parts of Europe’s economic backbone buckle and crack under record temperatures.
A Berlin restaurant closed on June 30 due to the heat wave.
Adam Berry/Getty Images