OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia that pumps around 40% of the world’s crude, has been cutting oil output since November in the face of flagging prices. Members Saudi Arabia and Russia, the world’s biggest oil exporters,...
https://www.hellenicshippingnews.com/why-are-opec-supply-cuts-failing-to-boost-oil-prices/