OPEC and its allies have agreed to pump more oil to reduce global prices. OPEC and its ten allies agreed to more than expected daily production growth in order to mitigate the effects of rising fuel prices amid Russia’s war in Ukraine, reported the WSJ. The move rep... #GlobalOilPrices #OilProduction #OPEC #OPECagreement
OPEC wants to suspend the agreement with Russia and open doors for Saudi Arabia and UAE. Some OPEC members are exploring the possibility of suspending Russia’s participation in an oil-production deal while they are under Western sanctions. At the same time, a partial European ban has beg... #OilProduction #OPEC #SanctionsAgainstRussia
