Climate change: Did we just witness the beginning of the end of Big Oil?
Is the oil barrel half empty or half full? In the past week you had your pick of answers to choose from, and they were bookended nicely from the week’s beginning to its end. The missile and drone attack on the largest Saudi Arabian oil-refining operation, which resulted in the largest single-day gain for crude oil ever on Monday, reminded a world that had gone a long time without a geopolitical shock how central the role of oil remains.
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