Can OPEC Bring Oil Prices Down?
The world’s major oil exporters have agreed to raise their production slightly, to help ease soaring prices. However, members of the oil producers’ group Opec+ — which includes Russia — are not planning to increase output to the levels requested by oil-importing countries.
What is Opec+?
Opec+ is a group of 23 oil-exporting countries that meets every month in Vienna to decide how…