Biden’s Options To Counter OPEC+ Are Limited ...Middle East

OILPRICE - Economy

This week, OPEC+ made a decision unprecedented in its history and the history of OPEC. The extended cartel approved production cuts of 2 million bpd at a time of steady demand, tight supply, and runway inflation in the world’s biggest economies. More significantly, perhaps, OPEC+ made this decision despite Washington’s numerous attempts to change the mind of the cartel leaders, notably Saudi Arabia and the UAE. Just a day before the OPEC+ meeting, CNN reported that all available human resources in the administration had been mobilized,…

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Last updated : 09 October 2022 clock 02:08 AM

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Biden’s Options To Counter OPEC+ Are Limited ...Middle East

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