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Posted On: 11/18/2021 2:12:17 PM
Post# of 18401
AGYP Stock: Long-Term Growth
https://pennystocks.today/agyp-stock-long-term-growth/
Despite increasing oil demand, OPEC+ has maintained gradual increases of 400,000 bpd per month since cutting output to 9.7 million barrels per day in 2020. This cutback was equivalent to 10% of daily demand for the year, but as restrictions ease and cold weather sets in, oil demand has begun outpacing supply across the country. OPEC is scheduled to meet on November 4th amidst requests from the US and other major consumers to increase output. However, the cartel is expected to stick with its conservative production strategy for the time being and this uncertainty is a boon for domestic oil producers like Allied Energy Corp. (OTC: AGYP) and AGYP stock.
$AGYP
https://pennystocks.today/agyp-stock-long-term-growth/
Despite increasing oil demand, OPEC+ has maintained gradual increases of 400,000 bpd per month since cutting output to 9.7 million barrels per day in 2020. This cutback was equivalent to 10% of daily demand for the year, but as restrictions ease and cold weather sets in, oil demand has begun outpacing supply across the country. OPEC is scheduled to meet on November 4th amidst requests from the US and other major consumers to increase output. However, the cartel is expected to stick with its conservative production strategy for the time being and this uncertainty is a boon for domestic oil producers like Allied Energy Corp. (OTC: AGYP) and AGYP stock.
$AGYP
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