Home Opinion OPEC’s move to raise oil prices is all about Russia
OPEC’s move to raise oil prices is all about Russia
Opinion, Сolumns
October 11, 2022

OPEC’s move to raise oil prices is all about Russia

By SIMON JOHNSON

Last week, OPEC+ announced a dramatic reduction in production quotas, by 2 million barrels per day. According to oil ministers, the goal is to boost crude prices and “encourage investment”

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commerce economics finance nation north atlantic treaty organization opec price russia

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