Oil prices have soared. Why won’t Opec bring them down?

Oil prices have soared. Why won’t Opec bring them down?

In June 2021, with demand for crude beginning to recover, Opec+ started gradually increasing supply, putting an extra 400,000 barrels a day onto world markets. It is now supplying some two and a half million barrels of oil a day less than in spring 2020.

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  • On May 4, 2022
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