OPEC meeting – BOL News Staging

OPEC to align with Russia

October 8, 2022 by Mishaal Siddiqui

Oil-consuming nations have suffered as a result of the OPEC+ alliance’s decision. It was to drastically reduce output and raise crude prices. The 13-nation OPEC bloc decided to reduce output by two million barrels per day. Oil-consuming nations have suffered as a result of the OPEC+ alliance’s decision to drastically reduce output and raise crude … Read more

OPEC+ is cutting oil production

October 6, 2022 by Mishaal Siddiqui

OPEC+ group of countries announced its greatest supply cut since 2020. Skyrocketing inflation is expected to increase. The world’s oil supply is expected to tighten. After the OPEC+ group of countries announced its greatest supply cut since 2020, fears over skyrocketing inflation are expected to increase as the world’s oil supply is expected to tighten. … Read more

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