loses

OPEC+ is ‘sort of broken down’ as Russia loses relevance and the group faces limited spare capacity

OPEC+ is “kind of broke,” a senior analyst at an oil research firm said after oil prices rose despite the alliance announcing it would increase supply more quickly. OPEC and its allies decided to pull almost 10 million barrels from the oil market in 2020 when Covid first hit and demand evaporated. The alliance announced …

OPEC+ is ‘sort of broken down’ as Russia loses relevance and the group faces limited spare capacity Read More »