Home Business Why the OPEC+ Crisis Has Sparked an Oil Price Frenzy

Why the OPEC+ Crisis Has Sparked an Oil Price Frenzy

10
0



A year after rescuing the global oil industry from the ravages of the pandemic, the OPEC+ alliance defused a fresh crisis over production levels that had raised questions about the future of the energy cartel. The rare public spectacle of key members fighting about production limits ended when Saudi Arabia clinched a deal with the United Arab Emirates in July on its demand for higher output. That ended a standoff that had thrown the market into disarray, pushed U.S. oil futures to a six-year hig

Previous articleVirus surge fears, UK leader's quarantine, mar 'Freedom Day'
Next article5 shot, one killed by gunman near scene of fatal Arizona fire: cops

LEAVE A REPLY

Please enter your comment!
Please enter your name here