OPEC+ Cuts Production

The West believes the decision to cut oil production undermines the Western economies, thus denying OPEC+ nations the right ... ... cut production by 1.16 million bpd starting in May 2023, but if we take into account Russia’s announced cut by 500 thousand bpd from March 2023, the total reduction of global supply will be close to 1.66... ... to cut oil production, many critics interpreted it as a forced measure. They say the sanctions are doing their job, and Russia can no longer produce enough oil without Western...