Why OPEC may not have the answer to high oil prices ...Egypt

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Abu Dhabi, UAE (CNN) – Oil-consuming nations wait with bated breath as the OPEC cartel meets once again this week to decide whether to pump more crude into the market to tame runaway prices. After Russia’s invasion of Ukraine, oil this year rose to a 14-year high. Prices have since eased slightly and Brent crude futures stood at around $113 a barrel as of Monday, but Western nations have been pressuring oil states to continue adding more oil to the market. On Monday, French President Emmanuel Macron called on oil producers to ramp up output by “exceptional” volumes, the AFP news agency reported. But when oil exporters meet on Tuesday to decide on whether to raise output, they’ll have to take

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