Oil prices have soared. Why won’t Opec bring them down?
Oil prices are at an eight-year high, so why won’t oil exporting countries 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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