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بوابة الفجر
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Gulf Produces 23-25% of Global Oil
The article indicates that the Gulf region produces between 23% and 25% of global oil and gas output and controls approximately 70% of the world's reserves, highlighting its strategic importance in the global energy market. Recent disturbances in the Gulf and the Strait of Hormuz have led to the withdrawal of around 20 million barrels of supplies from the export market, increasing pressures on global energy security and underscoring the necessity of diversifying energy sources and maintaining safety margins to ensure market stability.
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