The OPEC oil cartel, accounting for about 40% of global oil production, has taken the surprising step of cutting oil production not by one million as they leaked, but two million barrels a day. “The d...
Tag: RussiaSaudi
Did the Russia-Saudi bloc weaken at OPEC+?
Oil prices plunged earlier this week as reports of a rift between Russia and OPEC emerged ahead of the OPEC+ meeting held last week. The report suggested that Saudi Arabia could push to ‘exempt&...